HMRC have issued their Agent Update for February 2016: we have summarised the key content for you with links to our detailed guidance on the topics covered.
Nichola's SME Tax W-update 22 February 2016
Hello
There is a lot in this week's web-update. My highlight is our new Director Tax Planning Toolkit for 2016/17, which together with our reworked rolling tax planner for 2015/16, allows you to see at a glance what is new for each area of tax; this links off to more detailed guides.
LTRG why is the Savings Allowance so complex?
The Government’s new savings allowance is an excellent idea but needlessly complex in its implementation says the Low Incomes Tax Reform Group (LITRG).
Self-employment review
Julie Deane, CEO of the Cambridge Satchel Company, has made ten recommendations along with her self-employment review, which was commissioned by David Cameron in July last year.
CIS: reliance on accountant not a reasonable excuse
In David Crossman v HMRC [2016] UKFTT TC04811 the First Tier Tribunal (FTT) denied a claim for reasonable excuse when an accountant failed to notify a bathroom fitter of his obligations under the CIS scheme, but agreed that some payments he made were not within the scheme.
Nichola's SME Tax w-update 15 February 2016
Hello
I was thinking that we might have a bit of time to relax post-January, but not a chance. I was working out the top things to do in practice this year and it made me feel slightly ill. I started to write a "top ten" list for this month for SME advisers and came up with the suggestions below, I realise that this is just the tip of the iceberg:
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