HMRC

Tax / Small Business Commissioner complaints process outlined

The Department for Business, Energy and Industrial Strategy (BEIS) has published the outcome of its consultation on the complaints process for the proposed new small business commissioner (SBC), and is now consulting on draft regulations covering how the postholder will resolve small business complaints about payment related issues with larger businesses

Tax / Satisfaction with HMRC digital service levels drops

Latest data from HMRC suggests that it is struggling to keep up with demand for its new digital services, as satisfaction levels have fallen, although it has significantly improved its phone and post handling capabilities

Tax / HMRC advisory fuel rates for company car users remain from 1 March

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2017 reflecting the constant trend in forecourt fuel prices

Tax / Government to help savers with Lifetime ISA

Government has introduced a tax-advantaged savings account, the Lifetime ISA, to support savers throughout their lives until the age of 50, which will in turn replace the problematic Help to Buy ISA from 6 April 2017

Tax / HMRC: software vendors will not be ready for Making Tax Digital

Making Tax Digital programme director Theresa Middleton has warned members of the House of Lords Economic Affairs Committee that some software vendors will not be ready to take part in the Making Tax Digital pilot scheme set to commence in April 2017. Calum Fuller reports

Tax / Rangers EBT ‘big tax’ case to kick off in Supreme Court

The high-profile dispute between Rangers football club and HMRC over the use of employee benefit trusts (EBT) to make payments to staff and players reaches the Supreme Court next month, in a bid to resolve the issues of whether such payments amount to earnings, which would be taxable as income, or loans

Tax / HMRC updates VAT guidance for racehorse owners

HMRC has updated its guidance on the VAT registration scheme for racehorse owners who run a business for the first time since 2002, including new advice on how to register and a change in contact details, and a reminder of the VAT status of any winner’s trophies

Tax / Careless taxpayer has penalty reduced by £158k

A taxpayer, who has previously appeared on the Sunday Times rich list, has had his penalty reduced by £158,000 at a First Tier Tribunal (FTT), after he incorrectly claimed capital loss relief, on the basis that the penalty should be calculated upon the used portion of the loss only

Tax / Microsoft founder Gates advocates robots pay taxes

Billionaire Bill Gates, the founder of Microsoft, has predicted that in future there will be a need for robots to pay taxes, as increasingly automation replaces more jobs, in order to prevent inequalities

Tax / NHS staff targeted by tax rebate scam

NHS workers are being targeted by a scam run by tax rebate companies that claim they offer services where they can get a refund, according to a warning put out by Action Fraud, the UK’s national reporting centre for fraud and cyber crime

Tax / Buy-to-let taxation: stamp duty tax charges - part 7

In part seven of our exclusive series on buy-to-let taxation, Adam Kay, partner at Saffrey Champness,  reviews the impact of the 3% SDLT levy on additional property purchases 

Tax / Cash basis strongly supported by buy-to-let landlords

Landlords have shown strong support on being taxed on the cash basis as part of the Making Tax Digital plans saying that it is an important and strong aspect for small landlords as well as showing overall positivity towards digitalisation, as part of evidence given to the Lords Committee

Tax / Small businesses face ’10 year payback’ for Making Tax Digital

Small businesses could face a wait of up to 10 years before they see a return from investing in becoming compliant with Making Tax Digital, members of the House of Lords’ Economic Affairs Committee have heard. Calum Fuller reports

Tax / Farming businesses too complex for quarterly reporting

The rigid framework of quarterly reporting under Making Tax Digital does not make sense for the farming community due to accounting complexity, use of capital allowances and seasonality of the business, NFU head of tax tells Lords committee. Sara White reports

Tax / Lords to examine Making Tax Digital for farmers and small businesses

Farmers, small businesses and landlords are to give evidence to the Economic Affairs Finance Bill sub-committee on the government's Making Tax Digital project today
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