The “big cheeses” of business and employers organisations have launched a petition to say "No" to the rise in National Insurance Contributions (NICs) planned for April 2011.
Archived SME tax news
VAT cheque payments by post - important changes
From 1 April 2010 all cheque payments by post will be treated as being received by HM Revenue & Customs (HMRC) on the date when cleared funds reach HMRC’s bank account.
The Government has published a draft Tax Framework for business in order to provide greater certainty about the development of tax policy. Unfortunately, this objective only applies to large businesses.
Last week, the millionaire business man Robert Gaines-Cooper lost his final appeal in his residency court battle. The case illustrates the difficultly in advising clients in this area.
Fri 26: the capital allowance guides all sit in in their own place on the main menu.
Exclusive offer to our subscribers:
- Hutton on Estate Planning (an E-book)
- Matthew Hutton's Monthly Tax Review (CPD courses)
About E-book: Hutton on Estate Planning
The book covers:
• How to deal with existing trusts and establish new trusts within the family financial plan.
• Life and death planning with the family home.
• Passing on the family business.
• Tax planning for the farmer.
• Chattels, investments, insurances and pensions.
• The tax implications of leaving and coming to the
• Tax efficient Wills and post-death planning.
• How to keep on the right side of Her Majesty’s Revenue & Customs.
and a good deal more!
• 21 self-contained chapters.
• Tips and traps highlighted throughout the text.
• Practical worked examples.
• Each chapter begins with an overview and ends with a checklist.
• Clear headings to all the subchapters and paragraphs.
The aim is to enable both the professional adviser to give clear practical advice and for the lay client to assess and respond to their own circumstances, weighing up the benefit of professional advice.
You can view a sample chapter online before you buy - simply log on to: www.hutton-estate-planning.co.uk
Monthly Tax Review (MTR)
What is MTR?
MTR is a 90 minute monthly training session held in
MTR is designed for the practitioner (whether private client or company/commercial) for whom tax issues form part of his/her practice. Attendance at MTR qualifies for 1.5 CPD hours for members of the Law Society, for 1.5 CPD points for accountants (if MTR is considered relevant to the delegate’s practice) and (subject to the individual’s self-certification) should also count towards training requirements for the CIOT. For STEP purposes, MTR qualifies for CPD in principle, on the grounds that at least 50% of the content is trust and estate related.
What is the content of MTR?
The material is drawn from HMRC press releases, Tax Bulletins, VAT business briefs, case reports and articles in the professional press.
It covers:
- Capital Taxation
- Personal Tax
- Business Related Matters
- Compliance, administration and international issues.
Dates are fixed up to a year in advance and any one delegate from a firm can take up the firm’s place each month.
How do I find out more?
For further details, visit www.matthewhutton.co.uk on Conferences & Seminars and then Monthly Tax Review – or email Matthew on
About Matthew Hutton
Matthew Hutton MA (Oxon), CTA (Fellow), AIIT, TEP been professionally involved in tax since 1979, both as a solicitor and up to September 2000 in running his own consultancy. He now devotes his professional time to lecturing and to writing.
Good news for everyone who gives tax advice: HMRC has been persuaded to re-work its proposals for dealing with Tax Agents.
Draft legislation released by HMRC to tackle fraud by tax agents has been compared with the anti-terror laws.
This article is only available to paid subscribers.
Analysis of HMRC's proposals to introduce a new tax penalty regime for tax agents reveal not one, not two, but THREE measures which are directly in conflict with the European Human Rights Act.