Hello,
Another bumper edition this week with lots of updates, plus we have added some new guides for Landlords and Working from Home.
SME Tax News
In Arron Banks v HMRC [2020] UKUT0101, the Upper Tribunal (UT) upheld the decision to deny Inheritance Tax relief for gifts made to UKIP. There was no discrimination under EU law, the party did not meet the relevant criteria for relief.
Hello,
As the government continues to update the finer details of its various COVID-19 grant and financial support schemes, I have the feeling that we are trapped in a warped version of 'Groundhog Day' except that there are subtle differences each time we review the guidance.
HMRC have issued the Agent Update for April/May 2020. We have summarised the key content for you with links to our detailed guidance on the topics covered.
HMRC have announced that they will not charge any penalties for failure to report Capital Gains on UK residential property within the new 30-day deadline until after July 2020.
Hello,
With little chance of the UK government lifting the lockdown until the end of April, there are signs that many smaller firms of accountants and advisers have recovered from their initial shock and are keeping busy with work.
There is an ongoing moral debate about whether football clubs should furlough non-playing staff under the Job Retention scheme put in place by the government to support businesses during the COVID-19 pandemic.
Hello,
It is almost the end of another tax year, yet this week has pretty much been taken up in answering queries on the COVID-19 financial support measures. We have updates for Employers, Directors and for VAT.
Missed our SME Tax Web-updates in March? Here is a summary of the month.
Hello,
This week's newswire is devoted to communicating updates for businesses and individuals to the government's support measures during the ongoing COVID-19 crisis.