Facts of the case. In the case of Tobias Ridpath v HMRC , Mr Ridpath (R) failed to declare that he had disposed of two rental properties in 2004/5. In 2010, when it came to light that the disposals had taken place, his accountant submitted CGT computations showing gains calculated by deducting the original purchase […]

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Case facts. In PM Reinforcements (NW) Limited v HMRC, one of the issues that the company appealed against was the penalties charged by HMRC for apparent late filing of CIS returns. The company’s accountant had evidence from the Moneysoft software that he used to submit the CIS returns which shows the returns were submitted much […]

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U-turn confirmed. In yesterday’s Queen’s Speech, the government was keen to stress that it would not include the increases in the Class 4 NI rates for self-employed people originally announced in Budget 2017. The Chancellor came under fire in the spring for breaking a 2015 manifesto pledge and later did a U-turn stating there would […]

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MTD: VAT only. The biggest change is that first off, MTD is only going to apply to VAT. From April 2019, businesses over the annual registration threshold (currently £85,000) will have to keep digital records for VAT purposes, providing their VAT information to HMRC through MTD software. The logic is that VAT-registered businesses already provide […]

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