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

Nichola's SME Tax W-update 31 March 2022

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  • New Form 64-8 for tax agent authorisation 
  • Employment tax: Reporting, dates & deadlines 2021-22
  • Supreme Court overrules HMRC on GAAP  
  • Conran sale without trade mark worth just £1
  • No CGT relief for FX loss
  • HMRC's Management of Tax Debt
  • OTS Review of Property Income Call for Evidence 
  • Consultation: Crypto-Asset Reporting Framework 

Subscriber CPD/specials

  • Capital Allowances: What's new 2022-23
  • Working from home
  • A sale of the business: Where do I start?
  • How to set up a UK trust
  • Salary sacrifice & optional remuneration schemes (OPRA)
  • SRT: Statutory Residence Test
  • CPD: VAT: Land and Property

Read More...


Nichola's SME Tax W-update 24 March 2022

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  • Spring Statement 2022: At a glance
  • Agent update: March 2022
  • Sanctions against Russia & Belarus
  • Late payment interest rate rises to 3.25% 
  • DIY homeowner suffers heavy penalties for failing to declare gains
  • Serious Schedule 36 failures lead to tax-geared penalties

Subscriber CPD/specials

  • Annual Expenses for employees: How to claim   
  • Private client: What’s on? 2021-22
  • Discovery Assessments
  • Trust Registration Service
  • National Insurance: What's the maximum payable?
  • Family Investment Companies
  • Pensions: Tax charge for excess contributions
  • CPD: VAT: Land and Property

 Read More...


Nichola's SME Tax W-update 17 March 2022

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  • Avoid penalties: pay your tax or arrange time to pay by 1 April 2022 
  • Employment-related securities: What’s New? March 2022
  • Report a discrepancy about a beneficial owner on the PSC register
  • Wasteful: costly findings of MTD research
  • Companies House: What's New?
  • UT: CIS Gross Payment Status removed eight years after compliance failures
  • No reasonable excuse for DIY taxpayer  
  • Court of Appeal: Gas storage caves are not plant
  • Closure Notice defects: no reasonable excuse
  • Freedom of Establishment infringement was justified but disproportionate
  • Revenue and Customs Brief 6 (2022): Lennartz mechanism and VAT accounting  

Subscriber CPD/specials 

  • Business Rates: What's new?
  • Dividends & distributions
  • National Insurance
  • Year-end top tips for OMB's 2021/22 
  • Freeports: Tax breaks
  • SRT: Statutory Residence Test

 Read More...


Nichola's SME Tax W-update 10 March 2022

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  • Bulk filing for late filing penalties back for 2020-21 
  • Companies get a faster loss claim online
  • Wales increases second home tax by 300% 
  • Film scheme QC eludes negligence claims
  • Despite FTT sympathy ADS not repaid    
  • No IR35 for broadcaster: it had wider business interests  
  • Revenue and Customs Brief 5 (2022): Revised guidance on dealing with VAT grouping registration 
  • Nursing agency falls foul of VAT changes
  • Consultation on Welsh holiday lets and Business Rates
  • PAYE: HMRC prioritise improvements
  • OTS review of its approach to simplification 
  • UK owes EU over undervalued Chinese goods, says ECJ 

Subscriber CPD/specials

  • Finance Act 2021: Tax Update and Rolling Planner 2021-22
  • Finance Act 2022: Tax Update and Rolling Planner 2022-23
  • Conditionality: taxi, private hire vehicles and scrap licenses
  • Patent Box
  • Accelerated Payments & Follower Notices
  • Losses: Trading and other losses
  • Companies: compliance review
  • Vans and Commercial vehicles
  • Promoters of Tax Avoidance Schemes (POTAS)

 Read More...


Nichola's SME Tax W-update 3 March 2022

Freeview

  • Online Sales Tax consultation
  • Advisory fuel rates from 1 March 2022
  • Chancellor & PM receives honorary fellowship
  • Unpaid student loans set to top £500bn: new repayment structure proposed
  • OTS evaluate tax simplification for tax agents
  • Not so simple: new review of taxation of residential property
  • Sanctions on Russia: guidance for accountants and advisers
  • £84 million Discovery Assessment valid 
  • Accountant's personal leisure complex was not a trade
  • Upper Tribunal rules on VAT grouping conditions 
  • Revenue and Customs Brief 4 (2022): End-customer claim refunds of VAT wrongly charged 

Subscriber CPD/specials

  • MTD: Toolkit for accountants
  • Buy-to-let ownership: personal v. company? (Subscribers)
  • Year-end top tips for OMB's 2021/22 
  • Staff Suggestion Schemes
  • How are Bitcoin, cryptocurrencies or cryptoassets taxed in the UK?
  • Non-Resident Landlord Scheme
  • Year-end top tips for OMB's 2021/22 
  • Recreational benefits

 Read More...


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

SME Monthly Summary February 2022


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