HMRC updates guidance on reasonable excuse

Last Updated: 30 August 2023

HMRC have updated their guidance on what constitutes a 'reasonable' excuse as grounds for appealing a tax penalty.

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Nichola's SME Tax W-update 6 January 2022

Last Updated: 30 August 2023

Happy New Year,

The year has kicked off with the welcome announcement by HMRC that there will be a penalty waiver for late-filing and payment of Self Assessment returns.

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30-day penalty waiver for 2020-21 tax return filing & payment

Last Updated: 30 August 2023

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.

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Happy New Year

Last Updated: 30 August 2023

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

 

 

 

Nichola's SME Tax W-update 22 December 2021

Last Updated: 30 August 2023

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. 

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New COVID-19 support package for businesses affected by Omicron

Last Updated: 10 January 2022

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

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  1. Nichola's SME Tax W-update 16 December 2021
  2. Agent update: December 2021
  3. Nichola's SME Tax W-update 9 December 2021
  4. Nichola's SME tax W-update 2 December 2021
  5. Post-Brexit Christmas shopping warning

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