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

Hello,

This week we have a guide to the Plastic Packaging Tax; according to the policy background to this new tax, it aims to provide a “clear” economic incentive for businesses to use recycled plastic in the manufacture of plastic packaging. Whether this tax is going to make any difference to the vast amount of plastic that is created on a daily basis remains to be seen. At this stage it's one small step in the right direction.

Finance Bill 2022 introduces an Economic Crime (Anti-Money Laundering) Levy payable as a fixed fee by entities subject to the Money Laundering Regulations and based on entity size. Small entities will be fully exempt. 

Hello,

This week we review the new consultation documents on corporate re-domiciliation and change of basis periods, we have warnings that 'cuckoos' are using accountants' office addresses for company registration, and there are signs that HMRC has been using its data-gathering powers to trawl cryptocurrency exchanges for details of customers with a large transaction history.

Hello,

The draft Finance Bill 2022 was published today; this follows last week's Budget announcements. We continue our evaluation of Autumn Budget 2021 materials and we review consultation outcomes.

Hello,

This week we have Autumn Budget 2021 coverage and our freeview guides provide all the essential information. As usual, we will be drilling down into more detail over the coming weeks with more comprehensive guidance for subscribers.

  1. Autumn Budget 2021: At a glance
  2. Lobbyists shout louder in budget run-up
  3. Nichola's SME Tax W-update 21 October 2021
  4. Nichola's SME Tax W-update 14 October 2021
  5. VtaxP Practical Tax Conference Q & A: Running the most tax-efficient accounting practice...ever!

 

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