Missed our SME Tax Web-updates in January? Here is a summary of the month.

Nichola's SME Tax W-update 28 January 2021

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  • 2019-20 Tax return penalties delayed to 28 February
  • Employer Bulletin: UK Transition Special Edition  
  • Agent Update: January 2021 Brexit edition 
  • Companies House paused strike-off again
  • SDLT: Residential property higher rate: At a glance
  • Gifts
  • No penalties for HMRC's bad advice and delays
  • Reliance on HMRC’s decision for sister company not reasonable excuse
  • VAT on loan: far from best judgement
  • Insulated roofing system not insulation for VAT

Subscriber CPD/specials

  • New CPD: Business Property Relief
  • NHS Pensions: Scheme pays elections
  • Non-resident Tax Toolkit
  • Overseas Workday Relief (OWR)
  • Accommodation costs
  • Wages: Spouse or family

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Nichola's SME Tax W-update 21 January 2021

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  • HMRC Stamp Taxes Newsletter: January 2021
  • Collectors avoid record amounts of tax (legitimately)
  • Government seeks bids for Freeport scheme
  • DAC6: 31 January reporting deadline
  • Post Brexit VAT MOSS; February deadline
  • Partial closure notice must specify tax liability
  • Discovery appeal allowed in part despite lack of evidence 
  • No SDLT relief if combining two apartments

Subscriber CPD/specials

  • COVID-19: Employees working from home
  • Subsidised meals
  • A to Z Index for different trades, professions & vocations
  • Reasonable Excuse
  • Wages: Spouse or family
  • New CPD: Business Property Relief

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Nichola's SME Tax W-update 14 January 2021

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  • Consultation on Small Brewer’s Relief
  • Employers NIC holiday for employers of veterans
  • That evil quiz: the answers
  • Covid-19: Coronavirus Job Retention Scheme (CJRS) from 1 November 2020
  • No CGT Entrepreneurs' Relief for former director
  • R&D claim fails key criteria
  • Sports show cars were available for private use
  • ECJ allows input VAT for goods/services on abandoned projects
  • VAT cost-sharing exemptions limited to same-state entities

Subscriber CPD/specials

  • COVID-19: Landlords & tenants
  • Website and e-commerce costs 
  • Grounds for Appeal: Reasonable Excuse
  • Disguised remuneration loan charge
  • Grounds for Appeal: Insufficiency of Funds
  • Sponsorship

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Nichola's SME tax W-update 7 January 2021

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  • Just how are our taxes are raised and spent?
  • COVID-19: £4.6bn new grants
  • COVID-19: Government Support Tracker
  • 10% cumulative preference shares were not fixed in dividend rate
  • No excuse: soft drinks industry levy filing fail
  • Jersey SPV managed and controlled by UK parent
  • R & C Brief 1 (2021): The introduction of the zero rate of VAT for Women’s Sanitary Products
  • Consultation: VAT and value shifting
  • VAT penalty for cash accounting dismissed

Subscriber CPD/specials

  • Business Asset Disposal Relief (Entrepreneurs' Relief): Disposal of a business
  • Valuation: Goodwill
  • Valuation: Companies
  • CGT: Reliefs, disposal of a business or its assets
  • Loss relief (Income Tax) disposal of shares
  • New CPD: Furnished Holiday Lettings
  • CPD: Option to Tax

Read More...

Missed last time's monthly web-update? Get it here...

SME Monthly Summary December 2020


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