Hello,
This week, we wonder whether HMRC are sending out too many 'One-to-many' letters, we muse on the fact that it has taken HMRC seven years to issue Simple Assessments and we consider tax on public sector pay. We have more news and case reports too.
In HMRC v HFFX LLP [2024] EWCA Civ 813, the Court of Appeal (CoA) affirmed the Upper Tribunal's (UT's) decision that allocations by a corporate member of a mixed member partnership to individual members constituted miscellaneous income.
In David Marks (Executor of Hilda Marks) v HMRC [2024] TC09253, executors failed in their efforts to reinterpret a will trust and thus rewrite an earlier estate IHT return to improve tax relief for charitable donations.
In Cranham Sports LLP v HMRC [2024] UKUT 209, the Upper Tribunal (UT) refused to allow a late appeal in an IR35 case when the taxpayer’s representative filed objections against HMRC's conduct but failed to object to the outcome of Statutory Review in time.
Following the reduction in the Bank of England base rate by 0.25%, HMRC's interest rates for late payments and the repayment of tax will also be reduced.
What do you do if you receive one of HMRC's 'One to Many' letters to agents? The letters should not be ignored. We have put together a step-by-step guide to handling HMRC's one-to-many agent letters and understanding your responsibilities as an agent.
In Furlong Services Ltd v HMRC [2024] TC09252, the First Tier Tribunal (FTT) largely upheld an Information Notice requiring details of football consultancy income received by a company which had only declared income from farming in its tax computations.
HMRC have recently begun issuing one-to-many letters to contractors in the Construction Industry Scheme (CIS) to prompt them to ensure the status of subcontractors is correctly verified and the correct amount of tax deducted from payments made.
HMRC's Wealthy Unit is sending one-to-many letters to those taxpayers HMRC believes have unreported chargeable gains or income from cryptoassets they have sold.
The HMRC Wealthy Unit is sending one-to-many letters to taxpayers who made an Investors' Relief claim in their 2022/23 tax return.
