HMRC have announced that between 11 December 2023 and 31 January 2024 its Self Assessment helpline and Agent Dedicated Line will focus on ‘priority calls’.
SME Tax News
Hello,
Don't rely on 'AI' like ChatGPT to generate your legal argument! The decision in Felicity Harber's tax appeal, hot off the press today, illustrates how a large language model AI generated invented case law. The First Tier Tribunal (FTT) judge was not fooled, unlike the unfortunate taxpayer who lost her appeal.
HMRC has issued new guidance 'Help to comply with the reformed Off-Payroll Working rules (IR35) and avoid common mistakes'. The title of the guidance may be confusing for some.
In HMRC v E.ON UK Plc [2023] EWCA Civ 1383, the Court of Appeal (CoA) found that a payment made to an employee as part of a package of changes, which included adverse changes to pension rights, was earnings from employment. It was subject to Income Tax and National Insurance.
HMRC have published responses to their earlier consultation ‘Construction Industry Scheme reform’. The consultation focused on three areas within the Construction Industry Scheme (CIS): compliance, administrative easements and simplification. As a result of the consultation, several changes have been announced.
In Acorn Venture Ltd v HMRC [2023] TC09006, the First Tier Tribunal (FTT) found that basic camping pods provided to school children for residential adventure holidays qualified for plant and machinery capital allowances. Pods with greater facilities, for teachers, did not qualify for Capital Allowances.
Missed our SME Tax Web-updates in November? Here is a summary of the month.
Hello,
This week we have more details from last week's Autumn Statement and we note that the latest Finance Bill has now been published covering the proposed changes. As this bill is well over three hundred pages long it might take us a minute to go through it all!