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SME Tax News
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We have a seasonal special for you this week with top tips for Self Assessment and interesting news and cases, including a freezing order on perpetrators of a massive NHS PAYE fraud and a review of an EU regulation that affects many UK businesses selling online in the EU and NI.
The Chancellor, Rachel Reeves, has confirmed to the House of Commons that the Office for Budget Responsibility (OBR) has been commissioned for an Economic and Fiscal Forecast which will be published on 26 March 2025. This will not be another Budget.
The 2025-26 flat rate van benefit charge, flat rate van fuel benefit charge and car fuel benefit multiplier have been confirmed. 
In Ducas Ltd, Enix Services Ltd and FL Capital Holdings Ltd v HMRC [2024] EHHC3132, the High Court (HC) granted HMRC the power to freeze assets for the three companies who are thought to be participants in fraudulent PAYE and NIC arrangements.
From 13 December 2024, the EU’s General Product Safety Regulation (GPSR) adds stringent compliance obligations to businesses selling goods that are intended for consumers living in the EU and Northern Ireland. Many small UK sellers are adversely affected by the changes.
In John Harvey & Keswick Enterprises Holdings Charitable Trust v HMRC [2024] TC09372 the First Tier Tribunal (FTT) found a series of ‘donations’ to charity were not ‘qualifying donations’ and a loss to tax had occurred due to excessive gift aid claims.
In Simrajsar Ltd & Achilles Products Ltd v HMRC [2024] TC09363 the First Tier Tribunal (FTT) found that payments made to directors were not genuine termination payments and were not covered by the £30,000 tax free exemption. 
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Wales set its Budget for 2025-26 this week, the CIOT and ICAEW create a benchmark for HMRC service standards, and as Managed Service Companies (MSCs) hit the headlines again we consider why MSCs are a problem for accountancy firms.
In Calder Hairdressing Ltd v Revenue Scotland [2024] FTSTC 8, the First Tier Tribunal (FTT) found that unawareness of the requirement to lodge an LBTT 3-year lease return was not a reasonable excuse for late submission.