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.
Nichola's SME Tax W-update 13 July 2023
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Is it time to reform the tax rules on employee expenses? There are some very harsh rules that determine whether an employee can obtain tax relief for the costs expended for the purposes of an employment.
Nichola's SME Tax W-update 6 July 2023
Hello
Tax-geared news of the sort that we think you might want to know about is quite thin on the ground this week. It's 'the calm before the storm', as 'L-day' (Legislation Day) is on the 18th July. This is the day when the government will unfurl (in the digital sense) the new draft finance bill for 2023. In the meantime, we have been updating our website and devising new tax workshops for you.
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