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

Nichola's SME Tax W-update 26 August 2021

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  • Stamp Taxes Update August 2021
  • Tax bodies urge re-think on timing of MTD for Income Tax
  • HMRC update List 3, tax-relief on subscriptions to approved organisations and societies
  • Advisory fuel rates from 1 September 2021 
  • Film industry snaps up 50% of creative sector tax relief 
  • Tax Poll: Should the chancellor increase the £150 annual staff parties (or functions) limit?
  • Get tax-fit with our Virtual Tax Partner pre-conference tax workouts!
  • Offshore Disclosures: Penalties are coming 
  • Uncertain Tax Treatment guidance released
  • No SDLT Multiple Dwelling Relief for annexe 
  • Interpretation of Nil Rate Band clause reduces legacy to nil 
  • SDLT on residential property despite woodland and 15 acres  
  • Revenue Scotland asks Tribunal to award expenses to taxpayer 
  • Director’s share options were not Employment Related Securities
  • R & C Brief 11 (2021): VAT liability of Coronavirus (COVID-19) testing services 

Subscriber CPD/specials

  • Lorry Drivers: What expenses can I claim?
  • Sales/turnover: Tax compliance
  • EIS: Enterprise Investment Scheme
  • Employment-Related Securities & Share Schemes 
  • Welsh LTT v SDLT: Comparing the rates and additional dwellings charge
  • Scale rates, bespoke rates and fixed-rate expenses
  • Client Briefing: Making gifts & IHT
  • ISA guide

Read More...


Nichola's SME Tax W-update 19 August 2021

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  • 2021 Virtual Tax Partner Conference
  • Agent update: August 2021 
  • Employment-Related Securities: What’s New? August 2021 
  • Over 80% businesses unaware of packaging tax
  • UK scraps EU plans for a central bank account register 
  • Loan charge: Claim your refund by 30 September
  • Asking Companies House to extend filing deadline 
  • Building plots in mansion's grounds were appropriated to trading stock 
  • Locum IR35 appeal clears first hurdle
  • Badly worded VAT registration form did not stop assessment
  • PPI claims company commissions were subject to VAT 

Subscriber CPD/specials 

  • Setting up an employee share scheme
  • Self-employment: Registering for tax
  • Partnerships: How to prepare partnership and partners tax returns
  • Interest relief: Making a loan to a close company
  • PAYE: Starter checklist new employee 2021-22
  • CGT: Value shifting
  • Rent-a-room Relief 
  • NEW CPD: Agricultural Property Relief
  • NEW CPD: IHT: Transferable Nil Rate Band

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Nichola's SME Tax W-update 12 August 2021

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  • 2021 Virtual Tax Partner Conference
  • Electric Vehicles: Update
  • Basis period reform: What could it mean for MTD? 
  • India dumps retrospect tax-grab law
  • Employer Bulletin: August 2021 
  • CA: Ingenious film partnerships were trading 
  • No evidence of suppression of takings: no best judgement
  • FTT finds planning permission not enough to secure MDR
  • Suspected fraud does not reverse burden of proof in VAT best judgement
  • VAT and the sharing economy: Summary of responses 

Subscriber CPD/specials

  • Averaging claims
  • Farming: Overview
  • Disguised remuneration loan charge
  • Issuing new shares (planning and pitfalls)
  • Dwelling house for capital allowances
  • Super-deduction & First Year Allowances 
  • CGT: Holdover/Gift Relief
  • Replacement of Domestic Items Relief (subscriber guide)
  • Joint property: legal v beneficial ownership 

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Nichola's SME Tax W-update 5 August 2021

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  • 2021 Virtual Tax Partner Conference
  • Consultation: Reporting rules for Digital Platforms 
  • Home Office and DWP £117m IR35 failure
  • IR35 in the private sector: is your business ‘Small’?
  • HMRC concludes research on Family Investment Companies 
  • HMRC guidance on registering and managing an estate
  • Treasury review of AML regime with consultation on AML amendments
  • £15m to support local government audit changes
  • First round of Community Ownership funding opens 
  • Capital Allowances: Potato storage facility is plant 
  • Discovery invalid, no carelessness and out of time 
  • Agent action validated enquiry notice 
  • CIS: Failure of reasonable care costs contractors £1.7m

Subscriber CPD/specials

  • COVID-19: Option to tax deadline extended
  • Opting to tax land and property
  • Cash or accruals accounting toolkit
  • Pension contributions: Personal or company?
  • What expenditure qualifies for plant & machinery allowances?
  • Profits from dealing in or developing land                                                                       

    Read More...

 

 

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

SME Monthly Summary July 2021


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