SME Tax News

In Opus Bestpay Limited v HMRC [2020] TC5530, a company claiming to be a ‘back-office’ for a Contractor Loan tax scheme was found to be a scheme promoter.

The government has published ‘Corporate Liability for Economic Crime Call for Evidence: Government Response’, three years after the original consultation ended. 

In John Lancashire, Timothy Lee, Mark Johnson v HMRC [2020] TC7884, the First Tier Tribunal (FTT) rejected a claim to take credit for the PAYE that should have been deducted by an employer against income Tax assessments made in respect of a failed tax scheme. The Transfer of Assets abroad provisions trumped the PAYE rules and HMRC's assessments were valid.

In Hamish Taylor v HMRC [2020] TC07893, a claim for travel and subsistence by a sub-contractor failed on the basis that his home was not his base of operation.

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

In Umesh Gadhavi v HMRC [2020] TC07890, the First Tier Tribunal (FTT) upheld HMRC's information request to produce bank statements under Schedule 36 FA 2008 finding that the taxpayer could not provide a valid reason as to why the request should not be fulfilled.