On 1st October 2014 changes were made by the Inheritance and Trustees' Powers Act 2014 that affected the intestacy rules as well as the definitions of chattels for probate. From February 2020 further changes were introduced.
SME Tax News
In Richard Hurst v HMRC [2014] TC0403 a taxpayer successfully claimed that he was a "disguised" employee in order to claim CGT Entrepreneurs' Relief. His claim to be a de facto director failed.
Two cases on Capital Gains Tax Private Residence Relief (PRR): one where the timely use of a main residence election would have saved the day, and the other where a property did not qualify as a "residence".
Silly VAT facts: Snowballs are cakes, Flapjacks are cakes, Morrison's Blue Berry Muffin, Banana Bread, Ginger Bread and Lemon Drizzle Nak'd bars are confectionary, and not cakes.
HMRC's RTI reporting for PAYE appears to have massive teething problems according to a leaked document. Millions of taxpayers on PAYE have had their taxes calculated incorrectly by HMRC for 2013/14.
In Richard Anthony Moxton v. Litchfield & Ors [2013] the court confirmed a company's bad leaver provisions and constitution when there were conflicts in drafting between the Shareholders' Agreement and Articles of Association and questions as to the legal enforceability of other agreements which might also affect the Articles.
In its continuing efforts to clamp down on the practice of “disguised self-employment” HMRC is proposing the introduction of a new quarterly reporting regime for agencies and intermediaries who supply self-employed workers.
At a glance: HMRC list seven things you need to do when employing staff for the first time.
A leading tax barrister has criticised the members of his profession who are prepared to accept a fat fee in return for issuing overly favourable opinions on tax avoidance schemes.
In CLP Holding v Singh and Kaur [2014] EWCA Civ 1103 the seller of a VAT opted property was left with a VAT bill after failing to provide for VAT in the sales contract.