The payment timings of Capital Gain Tax (CGT) on a disposal of residential property will change from April 2019 according to HMRC's Autumn Statement documents.
SME Tax News
The chancellor announced in his Autumn Statement that the government will invest £1.3 billion in HMRC's new quarterly reporting tax revolution.
HMRC has published a consultation, Cash, tax evasion and the hidden economy: a call for evidence, it is seeking the views of businesses and individuals on the role of cash in the economy.
In The Queen on the application of Ralph Hely-Hutchinson v HMRC, a taxpayer was successful in judicial review over HMRC's tax treatment of his Mansworth v Jelly loss claims.
The chancellor gave his Autumn Statement on 25 November 2015 together with his spending review. This is our summary of tax-related issues in his speech.
In Burgess & Anor v HMRC [2015] the Upper Tribunal (UT) found that HMRC had failed to discharge its burden of proof in making discovery assessments.
A number of changes to working tax credits and child tax credits were announced in the Summer Budget and we have summarised these for you.
The government has set out the steps it will take to make it easier for authorities to identify the beneficial owners of corporate entities; these steps include changes to Company Law and Money Laundering regulations, and the creation of a publicly accessible central register.
In Nigel Barratt v HMRC [2015] TC04514 the first tier tribunal (FTT) once again found that HMRC's interpretation of reasonable excuse was 'inappropriate'.
In GDF Suez Teeside Ltd v HMRC [2015] TC04590 the FTT concluded that the company's accounts did not fairly represent its profits, despite them being prepared in accordance with GAAP.