Some time ago we reported a tax tribunal decision that suggested that the automatic late return penalties issued by HMRC may be invalid as they did not involve a human being making an assessment. Another situation in which HMRC appears to be issuing erroneous penalty notices has now come to light.
The changes in recent years to the Stamp Duty Land Tax (SDLT) rules have added a lot of complexity and a recent case highlights the difficulty taxpayers face in calculating the amount of tax due and determining what reliefs are available. With record SDLT revenues in 2017, it seems likely that many taxpayers are overpaying SDLT as a result.
If small and medium-sized businesses are the lifeblood of the UK economy, why are we clogging the nation’s arteries with a plethora of burdensome compliance obligations? With so many Brexit-related uncertainties, don't SMEs deserve a break?
To fund the NHS settlement, the Prime Minister plans to impose new taxes, in a ‘fair and balanced way’ we are told, on honest taxpayers when £8.5 billion is lost to dishonest taxpayers through tax evasion and the hidden economy. What's fair about that? Surely it would be fairer to give HMRC more resources to bear down on tax evasion and the hidden economy in the same way that it has successfully tackled tax avoidance?
The UK’s proposal for a customs backstop, in the event that a longer term customs arrangement deal is not concluded before the end of the transition period, has been met with strong pushback from the EU.
A recent Opinion from the Advocate General could have ramifications for UK telecoms and broadband providers that charge early termination fees.
Monitoring the impact of tax policy has been limited, but HMRC has recently released statistics demonstrating the impact of EIS and SEIS tax reliefs and the take-up across the UK, which highlights some interesting trends.
Changes to contractor loans could see many individuals facing significant tax charges after 5 April 2019, but what can contractors do now to mitigate this risk?
Whilst most of the commentary on Brexit has so far focussed on the government’s aim to have frictionless trade barriers in relation to customs duty, it seems that VAT may now be on the Brexit agenda; but will alignment with EU VAT rules work in practice?