HMRC have updated their Self-Employment Income Support Scheme (SEISS) guidance to reflect the fourth grant which will become available later this month.
SME Tax News
The SME Brexit Support Fund is now open. It offers up to £2,000 to help with training or professional advice to meet customs, excise, import VAT or safety and security declaration requirements following Brexit.
Guidance for Senior Accounting Officers (SAOs) has been updated by HMRC following the First Tier Tribunal's (FTT's) dismisal of an appeal in the Castlelaw case. The guidance has been relaxed in relation to reporting obligations for dormant companies and penalties for late certificate filing.
HM Treasury has issued a new call for evidence about the Enterprise Management Incentive (EMI) scheme.
Happy New Tax Year!
The start of the new tax year often provides the impetus for new business start-ups. This year, it may be more a case of re-starting if you have been forced into COVID-19-induced hibernation. If you are re-starting or just planning, the government has just published details of its new range of restart grants and recovery loan funding.
US President Joe Biden's new tax administration has shown its hand on the future of the taxation of multinational companies: a minimum international corporate tax rate in exchange for a national sales tax.
The government intends to have large businesses notify HMRC when uncertain tax treatments have been adopted within a tax return. The consultation is now closed and a summary of the responses has been published.
In HMRC v Comtek Network Systems (UK) Ltd [2021] UT 008, the Upper Tribunal (UT) allowed HMRC’s appeal against the First Tier Tribunal (FTT) decision allowing an appeal against Follower Notice (FN) penalties.
In Build-A-Bear Workshop UK Holdings Limited v HMRC [2021] UKUT 0067, the Upper Tribunal (UT) heard both the appeal and cross-appeal, finding that the First Tier Tribunal (FTT) erred in law when applying Customs Duty classification rules.
Hello
The Easter weekend is typically the time when a lot of properties are newly listed on the market. To this end we have been updating our Stamp Duty Land Tax (SDLT) guides for potential buyers as we try to answer your latest, most frequently asked questions (FAQs).