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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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Hello

As you might have seen, HMRC has now published details of Income Tax and NICs rates and allowances for next year. We also have the details for calculating car and van benefits. These are free for all to view in the Tax Data section of our website.

Hello

I have been updating our Construction Industry Scheme (CIS) Reverse Charge VAT guide over the last day or two. The new regime is due to commence in April, and to help explain some of the trickier aspects of the proposed regime we have added some examples. Construction firms should now be making changes to their VAT accounting systems and training staff as necessary. There is a lot to take on board.

Hello

This week kicked off with the welcome news that HMRC is relaxing late filing penalties for Self Assessment this year and we end the week with two HMRC Brexit ‘Specials’.  What a 'funny' old month January has been.

HMRC have issued a Brexit edition Agent Update for January 2021. We have summarised the key content for you with links to our detailed guidance on the topics covered.

HMRC have announced that taxpayers who do not file their 2019-20 tax return by 31 January 2021 will not receive a late filing penalty if they file by 28 February 2021.

HMRC have published a UK Transition Special Employer Bulletin. We summarise the key content for you.

  1. Nichola's SME Tax W-update 21 January 2021
  2. HMRC Stamp Taxes Newsletter: January 2021
  3. Nichola's SME Tax W-update 14 January 2021
  4. Tax Tools
  5. Nichola's SME Tax W-update 7 January 2021

 

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