SME Tax News

With months to go for all ongoing disguised remuneration (DR) settlements to be completed we doubt HMRC has the resource to cope. It's not looking good.

The deadline for reporting details of outstanding disguised remuneration  loans to HMRC is 1 October 2019. The online tool for making these reports is now available; a government gateway account is required plus full details of all loans.

Missed our SME Tax Web-updates in May? Here is a summary of the month.

Hello

It's been a quiet, half-term week and we've finally come to terms with the finale of the 'Game of Thrones', but 'Oh' what a huge number of 'first world problems' tax has been throwing up.

In ESE Rendering Solutions Limited v HMRC [2019] TC07137 an appeal against 33 late filing CIS return penalties was allowed. HMRC failed to provide any evidence that penalty assessments had ever been issued.

From April 2019 corporate non-resident landlords must report their capital gains on the disposal of UK property under corporation tax. Their UK rental income is remains subject to income tax. Many will require two or three different returns may be required for the 2019/20 tax year.