HMRC have issued the Agent Update for February/March 2019. We have summarised the key content for you with links to our detailed guidance on the topics covered.
SME Tax News
HMRC have published new advisory fuel rates for company car drivers which will apply from 1 March 2019.
Hello
As the clock ticks down on both Brexit and Making VAT Digital, we have decided to ignore the former and concentrate on what everyone needs to do in order to become compliant for the new VAT regime.
The government’s reaction to the House of Lords Economic Committee’s November 2018 recommendations in their paper, 'Making Tax Digital for VAT: Treating Small Businesses Fairly (House of Lords Paper 229)' may not give comfort to any small businesses and their advisers who were hoping that HMRC may yet postpone or modify the current plans to making VAT much more digital.
In HMRC v X Ltd, Y Ltd and Z Ltd [2018] TC06846 the First Tier Tribunal (FTT) held that where a hearing was held to approve HMRC issuing third party notices, neither the taxpayer nor the third parties were entitled to attend.
In Tony Michael Jimenez v FTT [2019] EWCA Civ 51 the Court of Appeal overturned the High Court decision and ruled that a Schedule 36 information notice issued to a taxpayer abroad was valid.
The government has released a ‘Review of WLTP and vehicle taxes’ which seeks evidence on the impact of a change to using the World Harmonised Light Vehicle Test procedure (WLTP) to measure CO2 emissions on Vehicle Excise Duty and Company car tax from April 2020.
Hello
Welcome to another web-update. We have a new Finance Act and new guides to Making VAT Digital. As HMRC have not put out anything useful on the topic of digital exclusion we have created our own guide.
- The loan charge; timescales, bankruptcy and insolvency
- Stamp Duty Land Tax: Non-UK resident surcharge consultation
- The importance of establishing a taxpayer’s residency position
- Nichola's SME tax W-update 8 February 2019
- Actor's tax accounts were not accepted as actual accounts
- Horizontal silo is plant