In Mitesh Kothari v HMRC [2016] UKFTT TC04915 the First Tier Tribunal (FTT) decided that the occupation of a property was not sufficient to qualify it as a residence.
SME Tax News
Following the media leak of some 11.5 million documents from Panamanian offshore service provider and law firm Mossack Fonseca, HM Revenue & Customs (HMRC) has responded to the story.
The government has published responses to its recent consultation on company distributions and made some minor amendments to new rules on distributions proposed in the Finance Bill 2016.
The chancellor's 2016 Budget, together with HMRC's Business Tax Roadmap which was published alongside the budget documents, announced and confirmed a number of changes relating to corporation tax.
The Chancellor announced a number of changes to Capital Gains tax (CGT) and Entrepreneurs' Relief (ER) in his 2016 Budget statement, including a reduction in capital gains tax rates for individuals.
Budget 2016: summary of key new measures announced this week by the chancellor.
The chancellor made his 2016 Budget speech today and made a joke on pensions: "...we'll keep the lump sum and abolish the Liberal Democrats."
In Alexander Revell v HMRC [2016] UKFTT TC04887 the First Tier Tribunal (FTT) decided that an enquiry into an unsolicited Tax Return was not valid.
The House of Lords Economic Affairs Committee's report on the Draft Finance Bill 2016, raises a number of areas of concern.
In March 2016 the Office of Tax Simplification (OTS) published 'Closer alignment of income tax and national insurance contributions' its simplification review and identified 84 "misalignments and differences" between the two.