In Christianuyi Limited & Others v HMRC [2016] TC05045 a Managed Service Company (MSC) Provider was found to be ‘involved’ with the taxpayers' personal service companies. This is the first time the MSC rules have been considered by the Courts since their introduction in 2007.
SME Tax News
In Gradon Construction Limited v HMRC [2016] TC04935 input tax credits were refused as invoices were not valid for VAT and there was insufficient additional supporting evidence.
The Low Incomes Tax Reform Group (LITRG) is urging people to claim back tax deducted from savings income in past years now that they have received their P60s.
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
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.