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Hello

There is not much headline news to report this week as it's the holidays. We do feature a really disturbing case in which HMRC tried to bankrupt an employee on the mistaken basis that she was a payroll operator. 

Hello

A new government consultation considers the merits of increased tax incentives, particularly extending the Benefit in Kind (BiK) exemption for medical benefits. We have a new Agent Update and our tax cases cover sales suppression by a prolific puppy breeder and a successful input VAT claim on a fund raising share sale. It's getting to the end of another busy week.

Hello

Legislation Day, or L Day, was last Tuesday. This is the day that the government publishes draft legislation for the next Finance Act. At first glance it all looked quite dull, but that changed upon closer inspection.

Finance (No 2) Act 2023 was given Royal Assent on 11 July 2023. To date, the Act itself has not been published by the government.

Hello

Is it time to reform the tax rules on employee expenses? There are some very harsh rules that determine whether an employee can obtain tax relief for the costs expended for the purposes of an employment.

We are looking for a qualified tax adviser and writer/editor to join our team. You need to have broad practical experience in advising in SME tax, enjoy writing and updating our tax resources at www.rossmartin.co.uk and advise our Virtual Tax Partner clients.

  1. Nichola's SME Tax W-update 6 July 2023
  2. Nichola's SME Tax W-update 29 June 2023
  3. Nichola's SME Tax W-update 22 June 2023
  4. Key HMRC services are out of action this weekend
  5. Nichola's SME Tax W-update 15 June 2023

 

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