HMRC

The ‘digital exclusion’ exemption for MTD: Its origin and scope

Of the recommendations of the recent Report on Making Tax Digital for VAT: Treating small businesses fairly by the House of Lords Economic Affairs Committee (Finance Bill Sub-Committee), one in particular was aimed at the digitally excluded: ‘We recommend that HMRC develops guidance on the practicalities of claiming digital exemption with the representative bodies and. Read more

HMRC review HICBC failure to notify penalties

HMRC’s announcement that they would review certain cases where penalties were charged on taxpayers who had failed to register for the high income child benefit charge (HICBC), and refund them where there was a reasonable excuse for the failure, is unusual in that the taxpayer normally has to take the initiative in pleading reasonable excuse.. Read more

The disguised remuneration loan charge: ‘No legal or moral basis’ or a fair anti-avoidance measure?

The loan charge is an attempt to tax certain so-called ‘disguised remuneration’ schemes under which employees, workers or contractors are paid not through wages or salary subject to payroll taxes, but by means of a loan, usually routed through a third party such as an employee benefit trust or kindred vehicle. In practice, such loans. Read more

Can HMRC guidance be relied upon?

The Office of Tax Simplification (OTS) has published a timely report entitled ‘Guidance for taxpayers: a vision for the future’. The report’s vision is for guidance geared to the needs of users, graded according to whether the user seeks basic, more advanced or specialist technical levels of help, with systems to direct users to the. Read more

Nothing to lose: HMRC statutory review as an alternative to appeals

Nothing to lose: HMRC statutory review as an alternative to appeals

With the House of Commons Treasury Sub-Committee looking at the conduct of tax enquiries and resolution of disputes, now is an opportune time to consider how clients can best be protected if they disagree with a decision HMRC has made about their tax. Most decisions by HMRC carry a right of appeal which the taxpayer. Read more

Changes to simplify the dividend tax process for HMRC could cost small businesses in the long run

Changes to simplify the dividend tax process for HMRC could cost small businesses in the long run

Small business owners making the most of the tax-free dividend allowance in the UK have already seen an impact on their savings and the cash available to them, due to a significant reduction that saw the allowance shift from £5,000 to £2,000 in April 2018. And now, family owned companies, small business owners and individuals. Read more

HMRC Enquiries: meeting up?

HMRC Enquiries: meeting up?

A tax return enquiry by HMRC is a possibility for virtually any person who files a return. A common feature of tax return enquiries (especially for business owners) is that HMRC often request a meeting with the taxpayer, particularly at an early point in the enquiry. The prospect of a meeting with HMRC is generally. Read more

IR35 Consultation

IR35 Consultation

The Government have recently issued a consultation document, seeking views on how best to deal with non-compliance with the IR35 rules in the private sector.  Rebecca Cave, contributor to several Bloomsbury Professional titles, looks at what this consultation might mean. Consultation on changing the IR35 rules The operation of the IR35 changed for public sector. Read more

HMRC expects!

HMRC expects!

Most practitioners will be aware that HMRC’s conduct and service standards are set out in a charter (‘Your Charter’), which is displayed on the GOV.UK website (www.gov.uk/government/publications/your-charter/your-charter). There is a statutory requirement for Your Charter to ‘…include standards of behaviour and values to which [HMRC] will aspire when dealing with people in the exercise of. Read more

Spurs 2 HMRC 0: Tax on termination payments

Spurs 2 HMRC 0: Tax on termination payments

Following the First-tier Tribunal decision in HMRC v Tottenham Hotspur Ltd in 2016 concerning termination payments paid to transferring footballers ([2016] UKFTT 389 (TC)), the Upper Tribunal [2017] UKUT 453 (TCC) has recently upheld the FTT decision. David Whiscombe, Partner, Tax Technical, at BKL reports. The case concerned payments made to Peter Crouch and Wilson Palacios. Read more

BPro Tax

Tax Online

Online access to Bloomsbury Professional books, looseleafs and journals, across numerous practice areas. Free Trial