Hello,
This week we are continuing to focus on practical tax planning guides and checklists ahead of the year-end, while our review of decisions from the tax tribunals has yielded some cases on topical subjects. Don't miss the news headlines too.
Our Practical Tax Resources will compliment your practice or business, and act as your virtual tax partner. We have freeview and subscription guides, client briefings and toolkits, which combine to provide practical solutions to your key tax FAQs and add value with useful tax know-how through tools, examples and checklists...Read Reviews
Register for our FREE news update service, or Subscribe to UNLOCK all the content. Our Terms & Conditions apply.
Check out our sister site: Virtual Tax Partner® support service for advisers and their clients.
Hello,
This week we are continuing to focus on practical tax planning guides and checklists ahead of the year-end, while our review of decisions from the tax tribunals has yielded some cases on topical subjects. Don't miss the news headlines too.
Our 2023 range of Practical Tax Year-End and Accounting checklists cover individuals, in their private capacity and their business interests. They make essential reading for any business owner or adviser.
Hello,
Everyone that I have spoken to in the last couple of weeks has said that January has seemed busier than usual. Comparing notes, some of you have reflected that this was due to the knock-on effects of Covid, with many businesses and their owners struggling to get back to normality due to the combination of supply-side shortages, recruitment issues, and owner and staff sickness. Now that Self Assessment returns are all filed, there is, however, little time for introspection: it's time to start planning for the tax year-end. What do you need to consider?
Hello,
With so much news coverage on the former Chancellor of the Exchequer Nadhim Zahawi's tax settlement, we have created a case study, based loosely on the known facts of his tax penalty, to illustrate how tax-geared penalties are calculated and what might count as a 'reasonable excuse' for making an error on a tax return. We have also included some suggestions as to how, with the benefit of hindsight, penalties could be avoided.
Former Chancellor of the Exchequer, Minister Nadhim Zahawi, has made a large tax settlement involving tax penalties with HMRC, according to the press. It probably relates to the undeclared capital gains on the sale of shares in one of his business interests. How did HMRC calculate his penalties? With the benefit of hindsight, what might he have done to mitigate the penalties?
In S&L Barnes Limited v HMRC [2023] TC08697, the First Tier Tribunal (FTT) applied the tests from Ready Mixed Concrete and found that Stuart Barnes provided his rugby punditry services to Sky as part of his own business, not as an employee.
Page 20 of 180