Income Tax

C Flood (TC2665)

A limited company was formed to carry on the consultancy work of the client. The shares were issued equally to the client and his wife on formation

Taxman may cancel payer status

All Day Recruitment Services Ltd (TC2699)

Dr J Schonfield (TC2658)

HMRC are set to issue penalty letters to employers who took part in the real-time information (RTI) pilot and have not submitted a final full payment submission (FPS) or employer payment summary (EPS) for 2012/13.

The correspondences – set to be sent out from tomorrow (25 June) – are the equivalent of 2012/13 end-of-year penalty notifications.

Fines have been applied from 19 May 2013 to ensure RTI trialists are treated in the same way as non-pilot employers, according to the Revenue.

Hema Tailor (TC2614)

A radical new approach to address high-profile tax avoidance

Employers using products from one particular software provider have received penalty warning notices from HMRC because they sent their end-of-year information on the wrong type of submission.

The problem affects businesses that:

Reporting relaxation extended to April 2014

Condoc seeks views on amended eligibility conditions

Reviewing the First-tier Tribunal decision in Apollo Fuels, which concerned company car leasing arrangements