In Fab Cleaning Management Limited v HMRC [2016] TC04824 the First Tier Tribunal (FTT) cancelled penalties for inaccuracy in PAYE returns, agreeing that the forms must record amounts actually deducted from employees, not those which should have been deducted.
SME Tax News
In A G Reid v HMRC [2016] UKFTT TC04872 the First Tier Tribunal (FTT) found that part of a payment made to an employee on a TUPE transfer was non-taxable: it was compensation for loss of pension rights.
HMRC have opened a consultation, Simplifying the Gift Aid donor benefits rules, following a call for evidence about how and why charities provide benefits, and the use of the extra statutory concessions and admission disregards.
HMRC have issued their Agent Update for February 2016: we have summarised the key content for you with links to our detailed guidance on the topics covered.
In Dr Montshiwa v HMRC [2015] TC04701 the First Tier Tribunal (FTT) allowed a special relief claim against determinations of £17,000 when the actual liability was £325.
HMRC have issued their Employer Bulletin for February 2016, and we have summarised all of the key content for you, with links to our detailed guidance on the topics covered.
Julie Deane, CEO of the Cambridge Satchel Company, has made ten recommendations along with her self-employment review, which was commissioned by David Cameron in July last year.
The Government’s new savings allowance is an excellent idea but needlessly complex in its implementation says the Low Incomes Tax Reform Group (LITRG).
In David Crossman v HMRC [2016] UKFTT TC04811 the First Tier Tribunal (FTT) denied a claim for reasonable excuse when an accountant failed to notify a bathroom fitter of his obligations under the CIS scheme, but agreed that some payments he made were not within the scheme.
In R (on the application of City Shoes Wholesale Ltd) v HMRC [2016] EWHX 107 (Admin) an application for judicial review was denied to nine EBT operators who were refused the benefits of the LDF.