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Action points, issue 4557

05 July 2016
Issue: 4557 / Categories: For Action

Put your client admin into motion.

  • Although the government plans to abolish class 2 National Insurance this will not happen until April 2017 at the earliest so check that a client’s liability is recorded correctly – refer to HMRC’s latest Agent Update for information on how problems may arise.


  • As shown in the First-tier Tribunal’s decision in Stayton if a property transaction is to be treated as a trade the client must be able to support that contention with evidence of involvement. The badges of trade Marson v Morton are a useful source of reference.


  • Businesses claiming repayment of VAT from EU countries should note that Brexit may mean the loss of the Eighth Directive refund procedure with its electronic format. Having to use Thirteenth Directive refund applications would add to compliance burdens.


  • To have the remotest chance of persuading HMRC that farming losses should not...

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