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SME Tax News

Entrepreneurs' Relief denied

Last Updated: 31 August 2023

In Alan Castledine v HMRC [2016] TC04930 it was decided that deferred shares fell within the meaning of 'ordinary shares' for CGT Entrepreneurs’ Relief.

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Quality of occupation insufficient for Private Residence Relief

Last Updated: 31 August 2023

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.

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Director fails to secure EIS tax relief

Last Updated: 31 August 2023

In Nigel Bell v HMRC [2016] TC04969 a director failed to secure EIS relief: some shares were not issued in time. Another case where HMRC failed to make a valid discovery assessment.

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What do the CABA really do?

Last Updated: 26 September 2023

What does the Chartered Accountants’ Benevolent Association (CABA) really do?

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Panama Papers: HMRC

Last Updated: 31 August 2023

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.

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Distributions consultation: government responds

Last Updated: 31 August 2023

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.

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Capital Taxes round-up: Budget 2016

Last Updated: 31 August 2023

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.

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Budget 2016: Corporation Tax

Last Updated: 31 August 2023

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.

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Budget 2016: at a glance

Last Updated: 31 August 2023

Budget 2016: summary of key new measures announced this week by the chancellor.

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Budget 2016: speech highlights

Last Updated: 31 August 2023

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."

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Subcategories

Archived SME tax news Article Count:  336

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