Tag Archives: HMRC

COURT OF APPEAL JUDGMENT BRINGS LANDMARK HICBC CHILD BENEFIT CASE TO A SUCCESSFUL CLOSE

Posted on December 7, 2022 by Christopher Wilsher

The Court of Appeal (Lords Justices Newey, Baker, and Arnold) has today handed down its judgment in HMRC’s appeal in the leading HICBC case (HMRC -v- Wilkes). The Court unanimously rejected every one of HMRC’s arguments, and upheld the Upper …

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HICBC: January 2022 update – 2017/2018 tax position

Posted on January 25, 2022 by Molly Jones

Self-Assessment In their letters, HMRC correctly notes that the Upper Tribunal mentioned the fact that, if HMRC act within the statutory 4-year tax filing deadline, they can require HICBC taxpayers to file a self-assessment tax return. This means that the …

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Collyer Bristow instructed in HMRC -v- Wilkes : High Income Child Benefit Charge

Posted on May 25, 2021 by Alice Heathfield

On Wednesday 26 May 2021, the Upper Tribunal (The Hon. Mrs Justice Falk DBE and Judge Timothy Herrington) will hear HMRC’s appeal in the leading “High Income Child Benefit Charge” (the HICBC) case. The taxpayer assessed to the HICBC is …

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Introduction of VAT ‘reverse charge’ from 1 March 2021 for building and construction services

Posted on February 22, 2021 by Alice Heathfield

From 1 March 2021, the domestic VAT ‘reverse charge’ for supplies of building and construction services will come into operation. The new measures apply to VAT-registered businesses who are supplying/receiving standard or reduced-rated services reported under the Construction Industry Scheme …

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Coronavirus: Furlough Leave – Updated Government Guidance

Posted on April 23, 2020 by Alice Heathfield

The HMRC online portal is now open for applications from businesses to claim 80% of the wages of furloughed employees up to £2,500 per month per employee. More than 140,000 businesses applied using the portal for over 1.3 million employees …

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Coronavirus: Furlough Leave – HMRC portal now open

Posted on April 21, 2020 by Alice Heathfield

Around four weeks after first being announced by the government, HMRC went live with its furlough portal at 7am on Monday 20 April. You can access the portal here. There were some inevitable teething problems and the website, as expected, …

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Coronavirus: tax relief for the self-employed

Posted on March 25, 2020 by Christopher Wilsher

Pressure is increasing on the government to announce more help for the self-employed, who make up a significant part of the country’s economy.  Around 5 million people have been attracted to this way of working, which has given them flexibility …

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How are your cryptoassets taxed?

Posted on January 24, 2020 by Christopher Wilsher

Cryptocurrency has been firmly brought under Benjamin Franklin’s two certainties of life as HMRC published a revised guidance on cryptoassets on 20 December 2019. It came in the form of two documents ‘Cryptoassets: tax for individuals’; and ‘Cryptoassets: tax for …

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