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This is a Practical Tax Database that is designed to act as your online tax partner. It can assist in answering your tax FAQs, and is packed full of useful and practical tax and business guidance.

The information gathered here is split into tax planning guides, FAQs, know-how, with tools and examples as well as tax compliance checklists.

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Hello 

We have a 'fun-packed' edition for you this week, lots of interesting cases, the new Employer Bulletin and a bunch of updated guides.

Hello 

Just a short newswire this week, we have some cases, we have some VAT and we also wonder why so many trusts are not reporting their ten year charges.

HMRC have recently released details of the value of assets held in UK taxpaying discretionary trusts at the ten yearly charge date, and have confirmed that information for more recent years is deemed to be incomplete because of delays by trustees in submitting accounts to HMRC.

Hello 

This time, I recommend you have a speed read of the items in our 'Being Digital' section. Even if you don't like a conspiracy you will shudder at some of the findings in the Common's Culture, Media and Sports committee. MPs also recommend further education on the 'dark ways' of social media, and so I have created a FAQs on what happens to your data.

In C J Wildbirds Food Ltd v HMRC [2018] TC06556 the First Tier tribunal agreed that a loan which could not be repaid and was written off by the lender was a loan relationship and a deduction was allowed for the impairment debit.

The government have issued draft legislation for consultation on the creation of a register of beneficial owners of overseas entities owning UK property intended to take effect from 2021.

  1. Social Media: Disinformation and Fake News
  2. Nichola's SME tax W-update 27 July 2018
  3. How many people are employed in the UK?
  4. Nichola's SME Tax W-update 20 July 2018
  5. Nichola's SME tax W-update 13 July 2018