9am Lowdown: New fees for tax tribunals announced
New fees for tax tribunals announced
The government has announced some steep increases to fees for tax tribunals, despite strong resistance.
The new fees are as follows:
|First-tier Tax Chamber|
|Appeals against Fixed Tax Penalties of £100 or less||No Fee||£20|
|Paper – Issue||No Fee||£50|
|Paper – Hearing||No Fee||No Fee|
|Basic – Issue||No Fee||£50|
|Basic – Hearing||No Fee||£200|
|Standard – Issue||No Fee||£200|
|Standard – Hearing||No Fee||£500|
|Complex – Issue||No Fee||£200|
|Complex – Hearing||No Fee||£1,000|
|Upper Tribunal Tax and Chancery||Current||New|
|Permission to appeal – Issue||No Fee||£100|
|Permission to appeal – Hearing||No Fee||£200|
|Appeal – Issue||No Fee||£100|
|Appeal – Hearing||No Fee||£2,000|
The government noted that the changes will be controversial, but argued that the fee increases are needed to fund the running of the tax chamber and upper tribunal.
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National living wage kicks in 1 April
From 1 April 2016 workers in the UK aged over 25 earning the minimum rate of £6.70 per hour must receive a 50p increase.
The wage increase will affect over a million workers in the UK. The government has also announced they will be launching an advertisement campaign around the national living wage.
Commenting on the increase, the Chancellor said, “The new National Living Wage is an essential part of building the higher wage, lower welfare, lower tax society that Britain needs and it’s great to see that over a million people will see their living standards boosted when this comes into force on 1st April”.
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Accountant’s side gig gets her arrested
An accountant who decided to venture into marijuana growing has been sentenced, reported the Blackpool Gazette.
Kelly Thompson kept a separate address from her husband because they were not getting on, and decided to enter the high growth industry of cannabis cultivation at the property.
She was fined £120 with £85 costs and ordered to pay £20 victims’ surcharge by Blackpool magistrates who ordered the destruction of the drugs and equipment.