In Paul Anthony Haigh vs HMRC [2024] TC09284, the First Tier Tribunal (FTT) accepted HMRC’s decision to refuse a notice for pension Lifetime Allowance Fixed Protection (FP 2012) after it was received ten years late.
SME Tax News
As part of the Government’s plan to 'Make Work Pay', a consultation on ‘strengthening statutory sick pay' has been released. This consultation outlines key changes to be made to the current criteria for statutory sick pay and seeks views on the implementation of these new measures.
In Mike Lazaridis v HMRC [2024] TC09321, the First Tier Tribunal (FTT) ruled that 40 acres of fields were part of the grounds of a residential property, despite being used for commercial grass production by an unconnected third party under a formal licence agreement.
A policy paper 'Economic Crime and Corporate Transparency Act: outline transition plan for Companies House' has been released. It follows the Economic Crime and Corporate Transparency Bill that was introduced into Parliament on 22 September 2022 and received Royal Assent on 26 October 2023.
As part of the Government’s plan to 'Make Work Pay', a consultation on ‘the application of zero hours contract measures to agency workers' has been released. This consultation seeks feedback on how the new measures should be applied to agency workers.
Read more: Consultation: Application of new zero-hours contract measures to agency workers
In Trustees of Panico Panayi A&M Settlements and Redevco Properties UK Limited HMRC [2024] UT319, the Upper Tribunal (UT) held that under a 'conforming interpretation' of UK law, the FTT was able to retrospectively insert a new five-year payment deferral rule on a dry exit charge applied when a trust or company moved their tax residence abroad.
As part of the Government’s plan to 'Make Work Pay', a consultation 'Making Work Pay: collective redundancy and fire and rehire' has been released. This seeks views on strengthening remedies against abuse of rules on collective redundancy and fire and rehire.
Read more: Collective redundancy and fire and rehire consultation
In a written statement to Parliament, the Secretary of State for Business and Trade, Jonathan Reynolds, has confirmed that the Government will take forward proposals to increase the monetary size thresholds for UK companies.
Hello
This week we have HMRC’s latest Employer Bulletin, an update on corporate reporting for medium-sized companies, and progress on the UK’s establishment of a corporate re-domiciliation regime.
HMRC have published their Employer Bulletin for October 2024. We have summarised the key content for you, with links to our detailed guidance on the topics covered.
