Blogs

HMRC has announced extension of an alternative dispute resolution pilot that would allow smaller businesses to resolve tax disputes without having to resort to appealing to the tax tribunal. Aimed at small and medium-sized enterprises the pilot will be initially available only in North Wales and the North West of

The next due date for payment of PAYE/NIC for month 9 or quarter 3 ended 5 January 2012 is Sunday 22 January 2012. HMRC must receive cleared funds in to their account by this date. As HMRC now accept Faster Payment Service it is advisable to use electronic payment methods

Filing a late return invites penalty? Not always. If you have a ‘reasonable’ excuse you may escape the penalty. HMRC website defines a ‘reasonable excuse’ as some unexpected or unusual event beyond your control and gives a few examples: ·a failure in the HMRC computer system ·your computer breaks down

First-tier Tribunal decision – [2011] UKFTT 425 (TC) – TC01278 The taxpayer in his return declared self-employment income from a boat chartering business and claimed capital allowances on the vessel used for the business, and used the resultant losses to offset other income. The question on appeal was whether the

[2011] UKFTT 814 (TC) – TC01650 The facts of the case are as under: Mrs H was the proprietor of a business until 13 March 2010 (tax year 2009-10) employing around 90 employees. She sold the business to Mr W on 13 March 2010 when all the computer records and

The year 2011 saw the First-tier Tribunal severely criticising HMRC for running a ‘cash generating scheme’ by issuing P35 filing penalty notices after waiting for 6 months in September. HOK Ltd v HMRC [2011] UKFTT 433 (TC01286) was one of several cases where the tribunal judge allowed the appeal against

Court of appeal: [2011] EWCA Civ 1566 (Case No: A3/2010/2704) Normally a taxpayer must prepare and deliver a tax return by 31 January following the year of assessment, and pay all the tax due. HMRC may then enquire into the return by issuing a formal notice within twelve months after

First-tier Tribunal [2011] UKFTT TC01552 The appellant company was issued a closure notice by HMRC after an enquiry in to the legal costs incurred by the company to defend the reputation of the company and its sole director for the year ended 30 June 2008 amounting to about £460,000. The

In this case determined by the First-tier Tribunal (Thorncroft Ltd v HMRC – UTFTT/TC/2011/01536) the question was whether iced tea sold by Thorcroft was zero-rated or standard-rated. The appellant, Thorncroft Ltd, is a manufacturer and supplier of a range of products which the company referred to as ice tea concentrate