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This Practical Tax Database and Virtual Tax Partner® Toolkit is your online tax partner. It answers all your key tax FAQs, is packed with useful and practical tax and business guidance.

The information gathered here is split into tax planning guides, FAQs, know-how and tools. With worked examples and tax compliance checklists.

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This week's poll

Should we stay with a tax year-end of 5 April when the rest of the world run theirs' to 31 December?

Should we move the year end to 31 March or 31 December?

Will this make tax simpler?

Should we change the tax year-end?
Vote

Hello,

In this issue we try to avoid ‘death by (very long) Agent Update'. HMRC is now issuing these updates monthly, and we try to ‘skip to the good bits’ and bring you the highlights of each issue.

Hello,

As we gear up for Making Tax Digital (MTD) for Income Tax, one question many are asking is whether or not it would be easier for us to end the tax year on a sensible date, such as 31 March, or maybe, as so many other countries do, make it 31 December, the end of a calendar year. The Office of Tax Simplification (OTS) is exploring the issue in a new review.

Hello,

This week we take a closer look at the criteria for the sign up to the Making Tax Digital (MTD) for Income Tax pilot, we summarise details of the fifth Self-Employment Income Support Scheme (SEISS) grant and we report on some bad news for people with unsettled disguised remuneration loans.

Hello

Our highlights this week include new proposals for Capital Gains Tax (CGT), a Trusts and Estate update and tooth-aching statistics on snack bars.

Hello

The Supreme Court published its decision in the Tooth discovery case this week. The key issue in the case was whether the act of putting the right figures in the wrong place of a tax return could be regarded as making a deliberate error. Making a deliberate error potentially exposes a taxpayer to a 20-year assessment window.

Hello,

We have some useful new tools for you this week, all covering some tricky but topical areas of tax. 

  1. Nichola's SME Tax W-update 6 May 2021
  2. Nichola's SME Tax News W-update 29 April 2021
  3. Nichola's SME Tax News W-update 22 April 2021
  4. Finance Bill changed: no FHL extended carryback
  5. Nichola's SME Tax W-update 15 April 2021

 

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