SME Tax News

In RALC Consulting v HMRC [2019] TC7474 the First Tier Tribunal found that IR35 did not apply to an IT contractor; there was no mutuality of obligation, or real control.

In Teksolutions-Inc v HMRC [2019] TC7456 a company's Research & Development claim was rejected in full: the company failed to prove that it had incurred any of the expenses claimed.

HMRC have published their Employer Bulletin for December 2019. We summarise the key content for you, with links to our detailed guidance on the topics covered.

In Spring Capital Ltd v HMRC [2019] TC7471 the First Tier Tribunal (FTT) dismissed a claim for the carry forward of corporation tax losses on the transfer of a trade; liabilities not transferred exceeded the corresponding level of assets.

In Cornelia Simpson v HMRC [2019] TC7576,  the First Tier Tribunal (FTT) found that the failure to report a capital gain on the disposal of a London flat resulted in a £14k penalty. A claim for Private Residence relief was dismissed by the FTT. The taxpayer failed to provide any evidence to show that she had ever occupied the property. 

Staff Christmas parties: how to claim tax relief on your Office Christmas Party. Must all staff attend? Is there tax relief for an owner manager or personal service company owner? Are there any reliefs? How do you avoid a hangover?

This is part of our Tax & Accounting at Christmas Special, as we analyse the tax and accounting treatments of Christmas and count down each working day until the Christmas holidays in the UK.