Nice try! A house buyer failed in a claim that he had purchased two dwellings for SDLT. The tax tribunal was not convinced that 'rooms over a garage' had sufficient refinements to be either suitable for use as a dwelling nor were they in the process of being adapted for such use.
SME Tax News
A former soldier persuaded the First Tier Tribunal (FTT) to restrict the scope of HMRC's assessment for a High-Income Child Benefit Charge (HICBC). He claimed that he was unaware of the charge due to being absent from the country on military operations. HMRC's discovery was permitted due to a retrospective change in the tax law and the taxpayer missed the cut-off by a matter of days.
Some news outlets seem to think that there is a new form of 'taxi-tax'. There is no new tax but a dispute about VAT. We take a closer look at the issues.
In their latest one-to-many letter, HMRC turn their attention to company owners who may have underdeclared dividend income.
Hello
How was Self Assessment for you? I bet you have the same issue: a small band of taxpayers who bring their books in at the last minute.
A lot of clients say that they have had difficulty navigating HMRC's online payment screen, this is a walk-through describing how to make a payment using online banking. The end steps may vary according to your individual bank.
Missed our SME Tax Web-updates in January? Here is a summary of the month.
In Sabbir Patwary v HMRC [2024] TC09035, the First Tier Tribunal (FTT) found that a taxpayer gave 'remarkably little' evidence to demonstrate that he occupied a property as his only or main residence. As a result, his claim for Capital Gains Tax (CGT) Private Residence Relief (PRR) was denied.