Welcome

"An immensely useful resource"... "My only question is - why did we not subscribe before..." "Stunning" ...Read More Reviews

This Practical Tax Database and Virtual Tax Partner® Toolkit is your online tax partner. It answers all your key tax FAQs, is packed with useful and practical tax and business guidance.

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

Register to receive our FREE news update service.

Subscribe to UNLOCK the full site*.

Tax advice? Contact the Virtual Tax Partner® support service for advisers and their clients.

The contents of the site are subject to T & C & Copyright © 2020.

* The R&D & Patent Box zone is premium content and available separately.

The Chancellor, Rishi Sunak has made his Autumn 2020 spending review today. The UK's spending on the Coronavirus has reached £280bn to date.

Hello

It looks as if HMRC and HM Treasury have new batteries! We have a collection of new policy papers and announcements from the Treasury: all measures tabled for the next finance act. I have a feeling that it will be a whopper.

HMRC are contacting an increasing number of employers who may need to repay some, or all, of the grant they received under the Coronavirus Job Retention Scheme (CJRS).

Hello

This time we are covering quite a diverse range of topics. What does the Office of Tax Simplification (OTS) recommend for the future of Capital Gains Tax (CGT)? We explore enduring tax imponderables on the nature of a trade. We have ever more essential updates on COVID-19 funding, new guides on farming and Corporation Tax (CT), as well as more updates, cases and, of course,VAT.

The Office of Tax Simplification (OTS) has published 'Simplifying by Design', the first report of its current Capital Gains Tax (CGT) review. It recommends some major changes to CGT including increasing tax rates and removing business asset reliefs.

Hello,

We have already had a busy week putting through the updates on the Coronavirus Job Retention Scheme (CJRS) and adding other new COVID-19 announcements, now today, we have news of further extensions to the different funding schemes.

  1. Sub-contractor not based at home
  2. Employment-Related Securities: What’s New? July-November 2020
  3. Nichola's SME Tax W-update 29 October 2020
  4. Agent update October/November 2020
  5. Nichola's SME Tax W-Update 22 October 2020