The Government has launched a consultation on the treatment and transparency of tips, gratuities, cover and service charges.
Nichola's SME Tax w-update 27 May 2016
Hello
This time we feature our regular Capital Taxes round-up together with a handy comparison on the differences between SDLT and the Scottish version 'Land and Buildings Transaction Tax'. Those of you north of the border will be pleased to know that we are tracking the progress of your devolving tax system!
PAYE/RTI penalties: 3 day grace period extended
HMRC is continuing its RTI penalty concession. Employers have an extra three days to report their payrolls online...until 2017.
Nichola's SME Tax w-update 20 May 2015
Hello
A warm welcome to those of you who are receiving our news update for the first time after meeting us at the Accountex exhibition last week. Special thanks also to all the subscribers who stopped by our stand to introduce themselves. It was great to meet you in the 'real' world and your enthusiasm for what we are doing is genuinely inspiring.
Share loss relief: loan converted into shares
In John Lewis v HMRC [2016] TC05029 share loss relief was allowed when an undocumented loan was converted to shares and the company ceased to trade shortly after.
HMRC update guidance on selecting a Flat Rate Scheme percentage
Following criticism from professional bodies and a number of unsuccessful visits to the First Tier Tribunal (FTT) HMRC has issued a revised version of VAT notice 733 Flat Rate Scheme to update their guidance in accordance with the FTT decisions.
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