In this web-update we look at HMRC's powers when it comes to issuing third party information notices to accountants, we feature our all new toolkits for non-residents with offshore property, non-UK domiciled taxpayers and much, much more.
A couple of cases caught my eye this week, both feature accountants. Ex parte Accountant considered HMRC's options as to how they could discretely apply to the tribunal for details of advice given to a company on clearing its overdrawn director's loan account before insolvent liquidation. Well worth a read.
Stanley concerned share loss relief claims for failing companies. The accountant was confused by the, well, confusing rules surrounding share loss, EIS etc and made loss claims apparently without the knowledge of his client. The claims were out of time and failed in detail. The client received tax geared penalties which were downgraded to being 'careless' as his delay in providing information was not blameless.
Finally there was another one of those penalty cases where the appeal succeeded on the basis that the penalty was not issued by a human. That's something to mull over.
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HMRC have published a new online form for companies and partnerships who was to apply for a certificate of residence.
ATED relief forms withdrawn on 31 March 2018
HMRC have confirmed that the current Annual Tax on Enveloped Dwellings (ATED) Relief Declaration Return (RDR) forms will be withdrawn on 31 March 2018.
Trust registration: late filing penalties
HMRC have now issued details of late filing penalties in respect of the new online trust registration service.