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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,

Having filed the last set of outstanding Self Assessment returns, February is a time to get 'tax fit' with our Virtual Tax Partners' Tax Workouts.

Hello,

Things are moderately quiet in terms of tax news this week, however we do feature some new, invaluable practical guides and updates. There are also new consultations on several aspects of Scottish and Welsh devolved taxes, and a response from HMRC on its Cryptoasset promotions consultation.

HMRC have released the Stamp Taxes Newsletter: January 2022. This is our enhanced version with links to our guides and SDLT tools.

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.

  1. Nichola's SME Tax W-update 13 January 2022
  2. HMRC updates guidance on reasonable excuse
  3. Nichola's SME Tax W-update 6 January 2022
  4. 30-day penalty waiver for 2020-21 tax return filing & payment
  5. Happy New Year

 

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