In ELS Group Limited v HMRC [2016] EWCA Civ 663 the Court of Appeal found that a VAT Extra Statutory Concession (ESC) could not be applied retrospectively.
SME Tax News
The Leader of the House of Commons has confirmed that the Finance Bill 2016 will not receive Royal Assent until after the summer recess, with the remaining stages of the bill being considered in September.
HMRC have begun issuing their end of year tax reconciliations for 2015/16, and are expected to have sent around 6 million of these forms P800 to taxpayers by the end of November.
A summary of the new Treasury ministers following July 2016's post-referendum reshuffle.
In Leekes Limited v HMRC [2016] UKUT 0320 the Upper Tribunal (UT) held that losses do have to be streamed following a transfer of trade from one company to another.
HMRC has issued Spotlight 31: change of date for withdrawal of transitional relief on investment growth. This extends the date for withdrawal of disguised remuneration transitional relief to 31 March 2017.
In Donaldson v HMRC [2016] EWCA Civ 761 the Court of Appeal confirmed that HMRC had correctly imposed daily late filing penalties under Schedule 55 FA 2009. This decision is important as there have been a number of cases put on hold awaiting its outcome.
In Robert Ward v HMRC [2016] UKFTT TC05912 the First Tier Tribunal (FTT) held that excess PAYE deductions should be repaid to the employer and not the employee.
In Sword Services Limited & Others v HMRC the High Court held that Partner Payment Notices (PPNs) can be issued to LLPs. The PPNs were also found to be valid as the relevant partners were aware of enquiries being opened even if official notices were not sent to them.
The deadline for renewing Tax Credits claims with HM Revenue and Customs (HMRC) is 31 July.