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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.

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Hello,

There are widespread rumours that the chancellor is planning tax rises. I would guess that everything is very much at the planning stage and any increase could yet affect all the main taxes. Conversely, some commentators suggest that a tax increase is possibly the worst thing one can do to stimulate the economy.

HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version.

Hello

This week we have a mixed bag with a new guide for brewers, microbrewers and gin makers, updates to several of our capital allowance guides, some interesting cases and latest Coronavirus tax news.

HMRC have started the next phase of compliance activity on the Coronavirus Job Retention Scheme (CJRS). It has written to around 3,000 employers it believes may have been overpaid. A penalty and tax liability could arise if any overpayment is not repaid in time and there is a failure to notify HMRC about it.

Missed our SME Tax Web-updates in August? Here is a summary of the month.

Hello

This time, we have some updates for the self-employed, employers, agents and anyone with outstanding loan charge issues. For parents, we look at more 'reasonable excuses' for failing to declare High-Income Child Benefit Charge (HICBC) and we have our usual review of topical tax cases.

  1. HICBC: Can ignorance ever be a reasonable excuse?
  2. DIY claim date decided by certificate of completion
  3. Nichola's SME Tax W-update 13 August 2020
  4. COVID-19: Job Retention Bonus - on hold
  5. Company Tax: What’s New? August 2020

 

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