Missed our SME Tax Web-updates in January? Here is a summary of the month.
SME Tax News
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.
The First Tier Tribunal has had the engaging task of deciding whether imported action figures from Game of Thrones, the Marvel comics and the Living Dead are human, non-human, statuettes or just plastic toys, in an appeal against underpayment of Customs Duty.
Been too busy with Self Assessment returns to keep up with the news? Our pick of useful cases for accountants to discuss with their clients focused mainly on tax appeals by companies or their directors, we also have a selection of VAT, SDLT and customs duty appeals.
The House of Common's Treasury Committee has written to 21 public sector organisations asking them to send details of any contracts awarded by their organisation to Fujitsu since 2019. The organisations include HMRC, the Bank of England and the Financial Conduct Authority.
The Scottish Government has published a response to its consultation on proposed legislative amendments to the Additional Dwelling Supplement (ADS) rules. These changes include extending 18-month deadlines to 36 months and providing relief from ADS on divorce or separation.
HMRC have issued their Agent Update for January 2024. We have summarised the key content for you with links to our detailed guidance on the topics covered.
Hello
‘Online markets’ are in the news again. This time, HMRC has a new campaign afoot which aims to catch online traders who are operating via serviced offices in the UK to appear to be UK resident for tax.
- Luxury watch tax terminates Schwarzenegger's travel plans
- HMRC simplification update: January 2024
- £20m property was residential for SDLT despite railway vent
- A cautionary tale of credit cards & loan relationships
- No Entrepreneurs’ Relief on trust share disposal
- Simplifying alternative refinancing arrangements for tax