Business

The tatty rules of allowable expenses in respect of let property

Edition in summary

Employers will not incur penalties for delays of up to three days in filing PAYE information, HMRC have confirmed.

There will be no changes to the submission deadlines, and employers with fewer than 50 employees will still be subject to late-filing fines from 6 March. But late-payment sanctions will be reviewed on a risk-assessed basis, rather than issued automatically.

The Revenue intends to next month close about 15,000 PAYE schemes that have not made a report since April 2013 and appear to have ceased, in an effort yo prevent unnecessary penalties being issued.

Eclipse Film Partners No 35 LLP v CRC, Court of Appeal

Taxing celebrities’ income from the exploitation of image rights

When does an expense in the accounts of a business fail to be deductible?

Tax-efficient structures for community groups in a joint trading activity

Many countries are overhauling their corporate tax rules ahead of the final recommendations from the Organisation for Economic Cooperation and Development (OECD) on base erosion and profit shifting (BEPS), according to a report from big four accountancy EY.

Is a one-off commission received in the course or furtherance of a business?

The First-tier Tribunal’s view of eligibility of relief on trading losses

Availability of relief for a mortgage early redemption penalty

Relief on the cost if a company buys its employee a hearing aid