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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,

This is a very busy time for most of us. Have you done all you need to for this tax year? Are you getting ready for the new tax year? 

Hello,

Increasing the rate of Council Tax on second homes has found favour in Wales as a method of addressing a shortfall in local housing. Judging by reports on the news last night, this approach appears to be garnering support in other holiday locations around the country.

The Welsh Government has announced, from April 2023, new Business Rates qualifying conditions for holiday lets and an increase to the maximum amount of Council Tax which can be charged on second homes. This follows changes to Business Rates criteria for self-catering accommodation previously being announced in England and Scotland. 

Some 1.3 million taxpayers are due to receive last filing penalties, for failure to file their returns by 28 February 2022. As last year, HMRC accept bulk appeals, where the failure was due to COVID-19.

Hello,

As Russia's dangerous dictator, Vladimir Putin, continues his violent plans to wipe out the democracy that is Ukraine, all we can do in the UK is to lend support to Ukraine and its people in any way possible. One of the best ways to assist is by making a direct financial donation to the Disasters Emergency Committee (external link). The UK government says it will match our donations, pound for pound up to £20 million.

Hello,

We have a new HMRC Agent update, a new, and maybe controversial HMRC interpretation of the purchase of own shares rules, plus some interesting cases and updates.

  1. New take on POS multiple completion contracts
  2. Nichola's SME Tax W-update 17 February 2022
  3. Nichola's SME Tax W-update 10 February 2022
  4. Nichola's SME Tax Update 3 February 2022
  5. Nichola's SME Tax W-update 27 January 2022

 

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