In Sean Kirby v Revenue & Customs [2019] TC07054 the First Tier tribunal (FTT) held that pension income paid to Mr Kirby’s ex-wife remained taxable on him as there was no pension sharing order in place.
SME Tax News
In R (on the application of Derry) v HMRC [2019] UKSC 19 the Supreme Court dismissed HMRC’s appeal; HMRC had opened the wrong type of enquiry into a share loss relief carry back claim.
The deadline for paying the loan charge for employment related schemes such as Employee Benefit Trusts (EBT’s) and EFRBS is 19 April 2019 for cheque payments or 22 April for electronic payments.
From 1 May 2019 HMRC are increasing their fees for money laundering supervision. If your business turnover is less than £5,000 you can apply for a ‘small business’ reduction.
In Ron Dennis v HMRC [2018] TC 6868, an indemnity clause in a shareholder’s agreement was held by the First Tier Tribunal not to be a guarantee that qualified for Loans to Trader Capital Gains Tax (CGT) relief.
Hello
This week's web-update features some cases that continue to explore the dark world of ITEPA 2003 and the PAYE regulations. There is a new consultation on Private Residence Relief and an new VAT guide that might be more handy than you realise.
HMRC has published a consultation, 'Capital Gains Tax: Private Residence Relief: changes to the ancillary reliefs'. This follows the Budget 2018 announcements.
In Gerard Arthur Eccles v HMRC [2019] TC6978, the first tier tribunal held that tax relief for a payment under a personal guarantee may only be made in the tax year in which it was paid.
- Actor's IR35 appeal fails
- Court of Appeal confirms definition of Managed Service Company Provider
- Nichola's SME tax W-update 8 April 2019
- Now register non-resident companies for Corporation Tax
- PRR Discovery Assessment was out of time
- No Discovery out of normal time: adviser carelessness not established