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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.

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Alongside the various representations from the professional bodies, Chancellor Rishi Sunak has also received suggestions from UK taxpayers and businesses in the run-up to the Autumn 2021 budget, including higher taxes for millionaires and retaining reduced VAT rates for the hospitality industry.

Hello,

The Chancellor is holding his 2021 Autumn Budget on 27 October 2021. There has been much speculation in the media about what it might contain, but rather than join in we have reviewed various representations sent to HM Treasury by the professional bodies instead. What do they suggest for the budget?

Hello,

We have a varied and interesting selection of news and cases for you this week, plus we feature Question & Answers from our recent tax conference hot topics, and summaries of the best bits of the latest Employer and Agent Bulletins from HMRC.

Our Virtual Tax Partner practical tax conference ran this week and the first session concentrated on ‘How to run the most tax-efficient accounting practice…ever!'. Speaker, Nichola Ross Martin CTA (fellow) FCA, looked at ways that an accountant can 'Preach what you practice!'

Hello,

If you were starting out again in practice, how would you plan your business? If you're in the process of selling up, with the benefit of hindsight is there any advance planning you would have done differently? And, what, if anything, are you doing about Inheritance Tax (IHT) planning?

Hello,

Research prepared for HMRC on the 'Impact of Making Tax Digital for VAT' seems to have been buried on HMRC’s website. Published in July 2021, it reveals something of a mixed picture regarding benefits that Making Tax Digital (MTD) for VAT can offer businesses.

  1. High Court refuses to set aside tax avoidance schemes
  2. Nichola's SME Tax W-update 23 September 2021
  3. Are football referees employees? Court of Appeal lets FTT decide
  4. Nichola's SME Tax W-update 16 September 2021
  5. Nichola's SME Tax W-update 9 September 2021

 

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