Business

The first complete tax year under real-time information (RTI) for the majority of employers worked well, with only one major problem, according to the taxman.

HMRC have been conducting weekly end-of-year teleconferences with employer representatives since 31 March, at the request of Payroll Alliance, the LexisNexis service.

The department says information for 2014/2014 flowed through to its systems as expected, with the only significant obstacle being the Government Gateway server crash on 11 April.

Rogate Services Ltd (TC3449)

N White (TC3354)

J R Swanston (TC3350)

Changes to the annual investment allowance made in this year’s Finance Bill

The Court of Justice of the European Union (CJEU) has dismissed the UK’s challenge of plans by Brussels for a financial transaction tax (FTT).

The country asked the court to annul a council decision that authorised 11 EU member states to use the enhanced cooperation procedure to set up the tax – which the UK believed would impose costs on non-participating member states.

A new company has constructed and installed a wind turbine for a considerable sum on land that is rented from a farmer for a share of profits

Does the employment allowance pass the vital simplicity test?

Standfast Corporate Underwriters Ltd (TC3322)

HMRC have refined the way they handle construction industry scheme (CIS) repayments, following work by joint initiative on the tax authority’s service delivery.

The Revenue aims to process CIS repayment claims within 25 working days or less from the date of receipt, provided the information sent – by mail or online – matches that held by the department.

Part repayments will be made based on verified amounts while mismatches are discussed with the taxpayer company

By John Endacott; second edition; £58.50; paperback; ; 146 pages; Claritax Books