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

Nichola's SME Tax W-update 30 September 2021

Freeview

  • Impact of Making Tax Digital for VAT: new research
  • HMRC policy paper on MTD customer costs
  • New penalty regime for electronic sales suppression tools  
  • Scottish budget date set for 9 December 
  • Consultation response: ‘Tips, gratuities, cover and service charges’
  • High Court refuses to set aside tax avoidance schemes
  • Online VAT return facility to be removed for 800 businesses 
  • VAT appeal time limits did not breach EU law   

Subscriber CPD/specials

  • MTD: Toolkit for accountants
  • Penalties: points-based late submission regime
  • What's new in 2021-22?
  • Directors; Tax Planning Toolkit 2021-22
  • Tips, gratuities and troncs
  • Rectification of Trustee mistakes
  • Farming: Overview
  • NEW CPD: Business Asset Disposal Relief
  • NEW: CPD: Appeals: How to Appeal a Tax Penalty

Read More...


Nichola's SME Tax W-update 23 September 2021

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  • Call for evidence: Basis Period Reform and Uncertain Tax Treatment
  • Residential Property Developer Tax draft legislation
  • Improving tax tribunals for the next ten years
  • New Consultation on 'Making flexible working the default'
  • Making Tax Digital Index & Timeline
  • Ouch! NICs &  Dividend Tax rises hit wider than first thought
  • Lack of trust and loan documents lead to avoidable tax liability 
  • Are football referees employees? Court of Appeal lets FTT decide 
  • Loss scheme is notifiable under DOTAS
  • Failure to verify asset was deliberate inaccuracy 
  • FTT did not consider whole picture in VAT strikeout 
  • HMRC's Customer Charter

Subscriber CPD/specials

  • Intangibles regime and partnership interests
  • Directors' loan accounts: Toolkit
  • Employment status & detailed checklist
  • IHT: development land
  • Interest on re-mortgaged buy-to-let property
  • Opting to tax land and property
  • NEW CPD: Business Asset Disposal Relief

Read More...


Nichola's SME Tax W-update 16 September 2021

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  • Companies: CJRS payments require accruals and cash accounting  
  • Consultation on 'Data: a new direction'
  • COVID-19: Statutory sick pay scheme to end on 30 September
  • Temporary insolvency measures ending 
  • OTS explores change to UK tax year
  • Poll results: Should the chancellor increase the £150 annual staff parties (or functions) limit?
  • Agent update: September 2021
  • Wrong forms did not prevent SEIS relief  
  • No relief for loan restructuring due to unallowable purpose
  • Loans from Remuneration Trust are not earnings
  • Freemason membership fees still subject to VAT 
  • Listed building's internal features prevent zero-rating
  • Hay sales were not economic activity for VAT
  • Plastic Packaging Tax

Subscriber CPD/specials 

  • Setting up an employee share scheme
  • High-Income Child Benefit Tax Charge
  • Partnerships: How to prepare partnership and partners tax returns
  • Tax planning for university (parent's guide)
  • Loan relationships
  • Employers' NICs allowance
  • IHT: Main Residence Nil-Rate Band (RNRB)
  • SDLT: Residential property & dwellings

 Read More...


Nichola's SME Tax W-update 9 September 2021

Freeview

  • Ouch! NICs &  Dividend Tax rises hit wider than first thought
  • Build Back Better: the government's tax plans for Health & Social Care
  • Pension triple lock suspended
  • Autumn Budget 2021 date announced
  • Consultation: Strengthening the Pensions Regulator's Powers
  • Associate Dentists to lose automatic trading status 
  • Teenagers still missing out on Child Trust Fund cash
  • Trusts and Estates What’s New? September 2021
  • Successful valuation challenge on share gift to charity  
  • Taxable benefits due on cars paid for by directors 
  • HMRC offers settlement opportunity to Eclipse Film Partnership members

Subscriber CPD/specials

  • Clothing and workwear
  • Views sought on Scottish Framework for Tax  
  • Scottish Income Tax: Am I a Scottish taxpayer?
  • Partnership agreements: What should be considered? 
  • Employee Ownership Trusts: An exit route for owner-managers
  • Company cars
  • Adviser's Guide: Property Business: Profits and losses
  • NEW CPD: Business Asset Disposal Relief

Read More...


Nichola's SME Tax W-update 2 September 2021

Freeview

  • Double relief danger with Employment Allowance and CJRS 
  • Scottish digital grant closes in hours
  • Trust Registration Service open for non-taxable trusts
  • Loan charge repayments stand, new loans are taxable 
  • Upper Tribunal allows professional fees on sale of Centrica subsidiary
  • VAT rate change for hospitality businesses from 1 October 2021
  • R & C Brief 12 (2021): VAT treatment of gaming machines: 6 December 2005 to 31 January 2013
  • EU VAT: No supply, no onward supply relief

Subscriber CPD/specials

  • Buy-to-let ownership: personal v. company? (Subscribers)
  • Non-resident Tax Toolkit
  • Trust Registration Service
  • Directors' Loan Account: Toolkit
  • When does a partnership exist?
  • Accounts: Tax health check (self-employed)
  • Landlords: Capital Allowances

   Read More...

 

 

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

SME Monthly Summary August 2021


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