HMRC have opened a consultation 'Proposed offence for reckless untrue statements - direct taxes'. This seeks views on proposals to introduce a new criminal offence for making reckless, untrue statements or declarations in direct tax.
SME Tax News
In Swiss Centre Limited v HMRC [2026] UKUT 00227, the Upper Tribunal (UT) disallowed a payment made in connection with loans secured on a property. It was not directly connected to the relevant loan relationship.
More updates to HMRC's ‘List 3’, its list of approved professional organisations and learned societies, have been made over the last six months. Several new organisations have been added.
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Following on from HMRC’s 2026 Tax Update last week, we take a closer look at several of the consultations and proposals. There are a lot of potential developments for tax agents and taxpayers to examine, including proposals that will require most VAT-registered businesses and employers to pay VAT and PAYE liabilities by Direct Debit.
The government has published a response to its consultation 'Land Remediation Relief'. The review sought to understand whether the Corporation Tax relief continues to incentivise the redevelopment of brownfield land and whether reforms are needed to ensure it remains effective, accessible and aligned with modern remediation practices.
HMRC have opened a consultation, ‘Modernising the taxation of distributions and repayments of capital from companies’. They are seeking views on the proposals to modernise the tax framework dealing with distributions made by companies to shareholders who are individuals or trusts.
HMRC have opened a call for evidence on the design, operation and future direction of voluntary National Insurance Contributions (NICs).
HMRC have launched a call for evidence on how 'PAYE Settlement Agreements (PSAs)' operate in practice, to improve clarity, consistency and administrative efficiency.
The government is consulting on proposals that will require most VAT-registered businesses and employers to pay VAT and PAYE liabilities by Direct Debit. The aim is to reduce late payment and simplify the payment process.
In Rune Madsen v HMRC [2026] TC09854, the First Tier Tribunal (FTT) held that a Stamp Duty Land Tax (SDLT) discovery assessment was not valid as HMRC had enough information within the enquiry window to identify a loss of tax and had lost the taxpayer’s disclosure letter.
