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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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Hello,

Many VAT registered businesses will be very pleased to note that the introduction the new (and horribly complex) VAT points-based, late-penalty regime is being deferred until next January. The delay is being blamed on IT development at HMRC's end. I just hope that the new system carries with it some adequate safeguards to allow taxpayers to check that penalties are applied accurately, to report errors and even to appeal. 

HMRC have issued their Agent Update for January 2022. We have summarised the key content for you with links to our detailed guidance on the topics covered.

HMRC have announced that changes to the VAT penalty and interest rules due to come into force from April 2022 are to be delayed to 1 January 2023.

Hello,

We have some really exciting new guides for you this week which we trust will assist in adding value to your services. 

HMRC have updated their guidance on what constitutes a 'reasonable' excuse as grounds for appealing a tax penalty.

Happy New Year,

The year has kicked off with the welcome announcement by HMRC that there will be a penalty waiver for late-filing and payment of Self Assessment returns.

  1. 30-day penalty waiver for 2020-21 tax return filing & payment
  2. Happy New Year
  3. Nichola's SME Tax W-update 22 December 2021
  4. New COVID-19 support package for businesses affected by Omicron
  5. Nichola's SME Tax W-update 16 December 2021

 

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