| 07 Feb - Did you miss the Self Assessment deadline? |
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If you missed the Self Assessment tax return deadline and can show that you should not have been in the SA regime, you may be able to avoid any penalties.
Introduction
LITRG look at HMRC’s guidance as to their policy on... |
| 06 Feb - HMRC Climbs Down over Business Records Checks |
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HM Revenue & Customs (HMRC) announced last Friday that there would be "a fresh approach to Business Records Checks in 2012".Â
Whilst continuing to affirm the perceived benefit of Business Records Checks (BRCs) to HMRC and to businesses, HMRC said that the BRC "should be amended to be a more tightly... |
| 06 Feb - Guest Editorial: Why the PCS is Taking Industrial Action on 31 January |
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Guest editorial contribution by Mark Serwotka, head of the Public and Commercial Services Union
Why We Are Taking Industrial Action on 31 January
As many taxpayers already know, 31 January is an important date in the tax calendar. Filing your... |
| 02 Feb - Check your 2012/13 PAYE coding notice |
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Between mid-January and early March 2012, HMRC are issuing PAYE Coding Notices for the 2012/13 tax year. LITRG explains that you should check yours, particularly regarding ‘underpayment restrictions’.
Background
HMRC anticipate that for the coming tax year,... |
| 26 Jan - Consolidated tax credits legislation now available for advisers |
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Â
revenuebenefits have completed a project to provide a full set of up-to-date (consolidated) tax credits legislation. LITRG outlines the background.
Introduction
Since 2002, there have been a large number of amendments to the tax credits legislation.... |
| 26 Jan - HMRC Says No Penalties for Filing Tax Returns or Paying Tax Late Up to 2nd February |
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HM Revenue & Customs has confirmed that it will waive penalties for any tax returns filed after 31 January provided they are submitted by midnight of 2 February. There is a similar grace period for paying any tax which would also fall due on 31 January.
When the Public and Commercial Services Union (PCS) confirmed that the proposed strike action in HMRC... |
| 25 Jan - 31 January Filing Deadline and Possible Strikes: HMRC Insists "No Special ... |
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Updated - see HMRC Says No Penalties for Filing Tax Returns or Paying Tax Late up to 2nd February
Whilst we understand that some news sources are suggesting that HM Revenue & Customs has agreed to waive penalties for taxpayers who are unable to get through to them because of strike action, our contacts at HMRC have... |
| 22 Jan - Entrepreneurs' Relief |
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Peter Vaines comments on a recent tax tribunal case regarding Entrepreneurs' Relief.
Some useful guidance has been provided by the Tribunal in the case of Gilbert v HMRC TC1542.
Mr Gilbert carried on a business of selling food on commission representing 9 different suppliers.... |
| 22 Jan - Tax Residence of Companies - Part 2 |
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Further consideration of a company's tax residence by Jonathan Schwarz, author of 'Booth & Schwarz: Residence, Domicile and UK Taxation'.
The Untelrab Synthesis
From a practical perspective, a brief statement of principles is most desirable. In Untelrab Ltd & Ors v McGregor (HMIT) (1995) |
| 22 Jan - Editorial: When is 'Independent' not 'Independent'? When it's HMRC! |
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Mark McLaughlin comments on HM Revenue & Customs' new Alternative Dispute Resolution Service.
HMRC launched a pilot introducing the Alternative Dispute Resolution (ADR) service earlier this month. The ADR is a new way of resolving disputes between small and medium sized enterprises and HMRC.
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| 20 Jan - Child benefit and tax – uncomfortable bedfellows? |
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The policy of withdrawing child benefit when a claimant or their partner becomes a higher rate taxpayer is being reviewed. LITRG examines the problems that might still remain.
Introduction
Even if the potential unfairness of the policy is solved, numerous administrative problems will remain. The new policy could... |
| 03 Jan - Tax Free Income from Solar Panels: Government Loses in Court on Cuts to Tariff |
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The government has been told by the High Court that its proposed cuts to the tax-free income (http://www.taxationweb.co.uk/tax-news/personal-taxes/tax-free-income-from-solar-panels-under-threat-from-government.html), which it had hitherto guaranteed to householders who installed solar energy systems, were illegal.
Friends of the Earth, together with two solar energy companies Solarcentury and HomeSun, challenged the cuts in a case heard by the High Court on 21 December, on the basis that the cuts' implementation was unlawful. It... |
| 02 Jan - Private Residence Relief |
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Private Residence Relief from Capital Gains Tax on the main home of a married couple - were they living together? Mark McLaughlin looks at a recent tax case.
Introduction
Married couples (and civil partners) benefit from favourable treatment for certain tax purposes. A common example is the ‘no gain, no loss’ Capital... |
| 02 Jan - Discovery Assessments |
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Peter Vaines comments on two recent tax tribunal cases dealing with discovery assessments.
Anybody reading this article will know that I cannot resist a good case on discovery assessments and
another one has just been published: Mohinder Singh v HMRC TC1544.
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| 02 Jan - Residence of Companies - Part 1 |
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Jonathan Schwarz, author of 'Booth & Schwarz: Residence, Domicile and UK Taxation, outlines the factors determining company tax residence.
Introduction
A corporation is a legal entity. It is, under the law, an artificial person, separate and distinct from its members and endowed with an existence independent of their existence. (Salomon v Salomon & Co [1897]... |
