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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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The prime minister has announced tax rises to fund the costs of Social Care and the NHS. Breaking two election pledges, the government's paper, 'Build Back Better: Our Plan for Health and Social Care', reveals plans to raise the rates of both National Insurance Contributions (NICs) and Dividend tax by 1.25% from 6 April 2022.

Hello

This week we look at an unsuccessful judicial review of an accidently repaid disguised loan charge. We consider changes to the Trust registration service, we look at capital allowances, recent issues relating to COVID-19 grants and we warm up for our very first Virtual Tax Partner conference.

On 1 September 2021, the Trust Registration service became available for non-taxable trusts to register with HMRC. Previously it had only been available to taxable trusts and those non-taxable trusts registered for the HMRC pilot of the service.

Employers claiming the Employment Allowance may have received double relief if also claiming Coronavirus Job Retention Scheme (CJRS) payments due to the pandemic. The ICAEW Tax Faculty has consulted with HMRC to provide clarification.

Hello

As we near the final bank holiday of the year we bring you a bank holiday bumper tax web-update. 

In the run-up to our first Virtual Tax Partner Practical Tax conference (held on 12/13 October 2021), we are holding a series of short 'tax workouts' to get you tax-fit for conference time. Each workout will take place online and each session will last 20-25 minutes. Places on each session are limited given on a first-come-first-served basis. 

  1. Interpretation of Nil Rate Band clause reduces legacy to nil
  2. Stamp Taxes News August 2021
  3. Tax bodies urge re-think on timing of MTD for Income Tax
  4. Nichola's SME Tax W-update 19 August 2021
  5. Employment-Related Securities: What’s New? August 2021

 

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