SME Tax News


HMRC have just updated their Check Employment Status for Tax tool (CEST). They seem to be quite tight lipped about the exact nature of the changes. Is that unhelpful or just careless? 

HMRC has recently updated its Check Employment Status for Tax (CEST) tool although it seems unwilling to provide a concise list of the changes. Instead, it merely tells us that on 25 November 2019, the CEST tool "has been updated so if you do not know the worker, the tool will not ask questions about their circumstances".

In Foojit Ltd v HMRC [2019] TC7467, the First Tier Tribunal dismissed a claim for EIS relief on shares with preferential dividend rights. Someone had to decide when the dividends would be paid and this made them excluded shares for the relief.

In John Pettitt v HMRC [2019] TC7451 reliance on a tax agent was not a reasonable excuse and late filing penalties of £1,935 were upheld by the FTT.

In its latest 'Pension schemes newsletter 115' – November 2019, HMRC has warned pension scheme administrators that they must remind their members to declare details of their annual allowance charges in their self-assessment returns.

HMRC have published new advisory fuel rates for company car drivers which will apply from 1 December 2019.