HMRC have just issued some guidance for taxpayers who receive a follower notice or accelerated payment notice.
SME Tax News
HMRC have published a response to their consultation earlier this year on ‘Reforms to corporation tax loss relief’.
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The Finance Bill has been published and there is quite a lot in it. We will be working our way though it in the coming weeks.
In Gas Recovery and Recycle Ltd v HMRC [2016] TC05473 the First Tier Tribunal (FTT) despite making a different interpretation of the rules to HMRC denied a claim for R&D relief: expenditure was not paid for until after the claim was made.
In B&K Lavery Property Trading Partnership v HMRC [2016] UKUT 0525 the Upper Tribunal (UT) rejected an application to strike out an appeal on the grounds that HMRC had raised an argument not included in their closure notice.
HMRC have published a response to their consultation earlier this year on ‘Reform of the substantial shareholdings exemption’.
HMRC have published a response to their consultation earlier this year on ‘Company car tax for ultra low emission cars (ULEV)’.
HMRC have published a response to their consultation earlier this year: ‘Consultation on salary sacrifice for the provision of benefits in kind.’