In John Carlisle Allen v HMRC [2016] TC05100, the First Tier Tribunal (FTT) decided that grazing land qualified as a business asset as the taxpayer occupied and farmed the land
SME Tax News
In Eric Donnithorne v HMRC [2016] TC05017 a liability under the Construction Industry Scheme (CIS) was discharged as it was reasonable that the taxpayer did not realise he had any obligation to make deductions.
In Broadsteady Limited v HMRC [2016] UKFTT TC04886 vehicles used by sales reps did not give rise to a VAT fuel scale charge liability as private use was incidental.
The Government has launched a consultation on reform of the Substantial Shareholding Exemption (SSE) which sets out a range of possible options from technical changes to replacement with a new, more comprehensive exemption.
HMRC have launched a consultation aimed at extending IR35. 'Off-payroll working in the public sector: reform of the intermediaries legislation' follows the announcement of the proposed changes in Budget 2016.
The ICAEW / ICAS have released some proposed amendments to "TECH 02/10 Guidance on realised and distributable profits under the Companies Act 2016".
The Government has launched a consultation on the treatment and transparency of tips, gratuities, cover and service charges.
A new report by the National Audit Office (NAO), 'The quality of service for personal taxpayers', reveals that HMRC misjudged its customer staffing in its move to automate telephony and change to paperless self assessment in 2014 and 2015.
HMRC have launched a consultation, Tax deductibility of corporate interest expense: consultation on detailed policy design and implementation, to obtain views about how the restriction on the tax deductibility of interest should be legislated.
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