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Business

A man who pretended to be a solicitor in an attempt to get a sizable debt quashed for another taxpayer has been jailed for 22 months.

Unemployed Nicholas Moss, who pretended to work for a London-based law group, forged a court document that purported to come from a High Court judge cancelling £19,000 in arrears to HMRC.

He also represented his ‘client’ at Willesden County Court, where a judgment was awarded in favour of the Revenue for the tax debt.

Issue 18 in summary

Thames Valley Payroll Ltd (TC4063)

Can an employee ownership trust be combined with a management buyout?

Mitigation of liabilities on inter-company transfers and director loans

Pontardawe Inn Ltd, and VAT issues raised by business sale transactions

J Thorne (TC3851)

Business premises renovation allowance for conversions to holiday lets

G Laithwaite (TC3879)

Could entrepreneurs’ relief apply to shares in a property-owning business?

How new rules affecting buyers and sellers of property are working in practice

Employer Bulletin 50, the October 2014 edition of HMRC’s bi-monthly update, includes articles on issues including real-time information penalties, PAYE payment deadlines, vans benefit charge, the student loan threshold, and HMRC helplines. Extracts follow.

Employment payment summary

HMRC have made some changes to the employment payment summary (EPS).

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