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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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To ease COVID-19 pressures HMRC have announced that they will waive penalties for late filing and payment of 2020-21 Self Assessment returns and tax liabilities as long as returns are filed by 28 February and payments made by 1 April 2022.

We wish all our subscribers and other readers a happy and prosperous New Year. 

 

 

 

Hello,

This is our last newswire of the year. We have lots of useful news on new COVID-19 support, the Welsh budget and interest rate changes, together with case reports and updates. I am also very worried about Making Tax Digital (MTD) and the proposal for quarterly payment of Income Tax. 

Chancellor Rishi Sunak has announced a new £1billion grant support package for those businesses most impacted by the Omicron COVID-19 variant.

Hello,

We have a new Agent Update from HMRC for you this time, our edited version also provides more detail on HMRC's Income Record Viewer (IRV) service. Agents can now sign up taxpayers for a private beta pilot.The IRV is a game changer for everyone. HMRC will be able to provide details of clients' pay, tax, employment history and tax code via the firm's agent services account.

HMRC have issued their Agent Update for December 2021. We have summarised the key content for you with links to our detailed guidance on the topics covered. 

  1. Nichola's SME Tax W-update 9 December 2021
  2. Nichola's SME tax W-update 2 December 2021
  3. Post-Brexit Christmas shopping warning
  4. Debt Management in a time of COVID-19
  5. Nichola's SME Tax W-update 25 November 2021

 

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