Missed our SME Tax Web-updates in November? Here is a summary of the month.
SME Tax News
The Queen’s Speech today set out the government’s agenda at the State Opening of Parliament. Announcements included increases to the National Insurance (NI) threshold, further support to Research and Development (R & D) credits and changes to business rates.
HMRC have issued their latest Making tax Digital for Agents update. We have summarised the key content for you with links to our detailed guidance on the topics covered.
We are celebrating this festive time of year with a Christmas Selection Box of different tax reliefs and exemptions. As it is the time for giving and sharing, we hope that our "Box" will save you pounds rather than adding them!
In Lady Lloyd-Webber and Lord Lloyd-Webber v HMRC [2019] TC7488, the First Tier Tribunal allowed relief for payments on a failed off-plan villa purchase. There was a disposal of contractual rights and the capital losses were allowable.
The Financial Reporting Council (FRC) has issued a major revision of audit and ethical rules in its new Revised Ethical Standards 2019 with the aim of strengthening auditor independence and to prevent conflicts of interest.
We are celebrating this festive time of year with a Christmas Selection Box of different tax reliefs and exemptions. As it is the time for giving and sharing, we hope that our "Box" will save you pounds rather than adding them!
In Golamreza Qolaminejite aka Anthony Cooper v HMRC [2019] TC4277, “Cooper” a business tax investigation covered the years 2007 to 2010. The First Tier Tribunal's (FTT's) partially allowed an appeal against discovery assessments after considering the burden of proof from two different angles, from the burden of displacing an assessment and that of demonstrating culpability in order to allow a late assesssment.
We are celebrating this festive time of year with a Christmas Selection Box of different tax reliefs and exemptions. As it is the time for giving and sharing, we hope that our "Box" will save you pounds rather than adding them!
Hello,
This week we have a new Agent Update, we open more of our Christmas Selection box and we have a good look at goodwill and valuations.