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.
SME Tax News
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.
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.
- Nichola's SME Tax W-update 18 January 2024
- 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