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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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HMRC have published their Employer Bulletin for December 2019. We summarise the key content for you, with links to our detailed guidance on the topics covered.

In Cornelia Simpson v HMRC [2019] TC7576,  the First Tier Tribunal (FTT) found that the failure to report a capital gain on the disposal of a London flat resulted in a £14k penalty. A claim for Private Residence relief was dismissed by the FTT. The taxpayer failed to provide any evidence to show that she had ever occupied the property. 

Staff Christmas parties: how to claim tax relief on your Office Christmas Party. Must all staff attend? Is there tax relief for an owner manager or personal service company owner? Are there any reliefs? How do you avoid a hangover?

This is part of our Tax & Accounting at Christmas Special, as we analyse the tax and accounting treatments of Christmas and count down each working day until the Christmas holidays in the UK.

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HMRC have just updated their Check Employment Status for Tax tool (CEST). They seem to be quite tight lipped about the exact nature of the changes. Is that unhelpful or just careless? 

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We have a mixed bag of updates and case reports this week, but funnily enough, the capital taxes are the ones that always catch our eyes.

In Stephen Reneaux and Lynne Reneaux-Smith v HMRC [2019] TC7441, a claim for Entrepreneur’s Relief under the associated disposal rules failed. There had been a partnership, however it was not engaged in any trade.

  1. Construction of sports pavilion by a CASC not VAT-exempt
  2. Corporation tax rates won't change
  3. Nichola's SME Tax W-update 14 November 2019
  4. Nichola's SME Tax W-update 7 November 2019
  5. General election delays loan charge review