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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 released a new tool ‘Check if you might need to pay Inheritance Tax’ to allow those dealing with deceased estates to work out the approximate value of the estate to help decide whether any Inheritance Tax (IHT) is likely to be due or not.

Hello,

This time we report on HMRC's proposals on reforming the tax basis year provisions, we review the other draft proposals for the next Finance Bill, there is another Agent Update and news of a new R&D fund, and for subscribers, a very timely 'What's new' for Capital Allowances.

Hello,

The football is over, but if you think that you can relax a bit, not a chance! The first clauses for the new draft Finance Act for 2022 are due to be published on 20 July.

The Ministry of Justice (MOJ) has launched a new consultation on probate fees which proposes a small increase to the current fees and a single flat rate fee regardless of who is making the application or the value of the estate.

Hello,

In this week’s web-update we note the end of the SDLT holiday, we look into the details of the newest COVID-19 grant, and look at cases on closing down tax enquiries as well as tax relief for repairs.

As we count down to the commencement of 'Making Tax Digital for Income tax' (MTD for IT) many of us are concerned over one aspect of quarterly reporting: how will we report income which is accounted for on different year-end dates?

  1. When to amend tax returns for SEISS: HMRC guidance
  2. Nichola's SME Tax W-update 1 July 2021
  3. Nichola's SME Tax W-update 24 June 2021
  4. Nichola's SME Tax W-update 17 June 2021
  5. Nichola's SME Tax Update 10 June 2021

 

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