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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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HMRC have started the next phase of compliance activity on the Coronavirus Job Retention Scheme (CJRS). It has written to around 3,000 employers it believes may have been overpaid. A penalty and tax liability could arise if any overpayment is not repaid in time and there is a failure to notify HMRC about it.

Missed our SME Tax Web-updates in August? Here is a summary of the month.

Hello

This time, we have some updates for the self-employed, employers, agents and anyone with outstanding loan charge issues. For parents, we look at more 'reasonable excuses' for failing to declare High-Income Child Benefit Charge (HICBC) and we have our usual review of topical tax cases.

Three recent First Tier Tribunal (FTT) decisions consider whether ignorance of the law is a reasonable excuse for failing to notify charges under the High Income Child Benefit charge.

In Carl Sansom v HMRC [2020] TC07684, the First Tier Tribunal (FTT) held that HMRC cannot refuse to accept the certificate of completion as primary evidence of the property’s completion and the appeal was allowed.

Hello

I thought that this week would be quite quiet from an editorial point of view, but far from it. In this time's web-update, our highlights are our latest Company Tax update, news of the Jobs Retention Bonus, a useful VAT decision from the Upper Tribunal for online agencies and an updated guide to the taxation of cryptocurrences and cryptoassets. 

  1. COVID-19: Job Retention Bonus - on hold
  2. Company Tax: What’s New? August 2020
  3. Nichola's SME Tax W-update 6 August 2020
  4. Disallowable interest: Loans to partners are not partnership loans
  5. Do houseboats qualify for DIY Housebuilder Scheme?