Hello
What's the difference between a Self Assessment return containing a Provisional figure and one containing an Estimate? When did the tax return wording on this change? We wondered too. The answer lies in the guide below, in my Editor's Choice.
Nichola's SME Tax W-update 10 August 2023
Hello
The dramatic rise in the price of land and property following the COVID-19 lockdowns have resulted in taxpayers reporting record levels of capital gains. HMRC's new report reveals that most gains are created on the disposal of properties in the South East by the over-fifties many of whom are downsizing as part of retirement plans to 'escape to the country'. We note that many private landlords have taken the opportunity to cash in.
Nichola's SME Tax W-update 3 August 2023
Hello
There is not much headline news to report this week as it's the holidays. We do feature a really disturbing case in which HMRC tried to bankrupt an employee on the mistaken basis that she was a payroll operator.
Nichola's SME Tax W-update 27 July 2023
Hello
A new government consultation considers the merits of increased tax incentives, particularly extending the Benefit in Kind (BiK) exemption for medical benefits. We have a new Agent Update and our tax cases cover sales suppression by a prolific puppy breeder and a successful input VAT claim on a fund raising share sale. It's getting to the end of another busy week.
Nichola's SME Tax W-update 20 July 2023
Hello
Legislation Day, or L Day, was last Tuesday. This is the day that the government publishes draft legislation for the next Finance Act. At first glance it all looked quite dull, but that changed upon closer inspection.
Where is Finance (No2) Act 2023?
Finance (No 2) Act 2023 was given Royal Assent on 11 July 2023. To date, the Act itself has not been published by the government.
Page 24 of 167
