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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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The chancellor introduced an extended three-year carryback for trading losses at Budget 2021. The measure is included in Finance Bill 2021. It has now been amended to confirm that Furnished Holiday Lettings (FHLs) will not qualify for extended loss relief.

Hello,

We have another fun-packed edition this week as it's time for HMRC's new Agent and Employer Updates, we have news of new COVID-19 grant funding and we are featuring some practical new subscriber guides for 2021-22.

Happy New Tax Year!

The start of the new tax year often provides the impetus for new business start-ups. This year, it may be more a case of re-starting if you have been forced into COVID-19-induced hibernation. If you are re-starting or just planning, the government has just published details of its new range of restart grants and recovery loan funding.

Hello 

The Easter weekend is typically the time when a lot of properties are newly listed on the market. To this end we have been updating our Stamp Duty Land Tax (SDLT) guides for potential buyers as we try to answer your latest, most frequently asked questions (FAQs).

HMRC have published a response to their 2018 consultation ‘The Taxation of Trusts: a review’ which considered if the system for taxing trusts meets the principles of transparency, fairness, neutrality, and simplicity. The conclusion is that no comprehensive reform is currently required.

Hello

The government published more than 30 tax updates, consultations and other documents this week. These are in addition to the announcements made earlier this month in Budget 2021. As the new documents cover a diverse range of topics, we have picked out some of the highlights and will continue reviewing the other proposals in the coming weeks.

  1. No Appeal: New Loan Charge Determinations & Penalties
  2. Call for Evidence: Tax Administration Framework
  3. Nichola's SME Tax W-update 18 March 2021
  4. Nichola's SME Tax W-update 11 March 2021
  5. Nichola's SME Tax Update 4 March 2021

 

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