Weekly tax brief | 27 October 2020

Increasing risk of personal liability for directors of distressed companies
Paul Dounis
Concerns remain that the new Finance Act 2020 power to pursue directors personally for unpaid tax debts is extremely broad and has the potential to affect any individual who falls within wide-ranging criteria.

Tribunal blindsides HMRC in housebuilder VAT dispute
Sarah Halsted
A recent tribunal decision may bring an opportunity for developers to retrospectively recover VAT on window blinds they install in new homes.

Simplifying tax claims, helping the taxpayer
Sarah Saunders
The UK tax system allows so many possible tax relief claims that even experts may struggle to keep track of them. Many claims are made by unrepresented taxpayers. An Office for Tax Simplification report shows how these claims could be easier both to make and to understand. Meanwhile, HMRC’s handling of tax relief claims for people working from home due to Covid-19 shows how things should work.

And finally … more nudges from HMRC
Justin Stevenson
As a follow-up to our recent article on HMRC’s nudge letter campaigns, new information has confirmed this approach is very much in favour within the tax authority and is expanding into all taxes with new nudge letters being released. 

 

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