Nichola's SME Tax W-update 28 November 2019

Last Updated: 30 August 2023

Hello

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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Nichola's SME Tax W-update 21 November 2019

Last Updated: 30 August 2023

Hello

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.

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Entrepreneurs' Relief: property partnership not a trade

Last Updated: 30 August 2023

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.

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Construction of sports pavilion by a CASC not VAT-exempt

Last Updated: 21 November 2019

In Eynsham Cricket Club v HMRC [2019] UKUT 0286, the Upper Tribunal (UT) found that although it was registered as a Community Amateur Sports Club (CASC) it was not a charity and so its sports pavilion could not be zero-rated.

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Corporation tax rates won't change

Last Updated: 30 August 2023

The prime minister has announced to the Confederation of British Industry (CBI) that if re-elected, the Conservative Party will back down from its pre-election pledge to reduce corporation tax. This means that the 19% rate is likely to remain for 2020.

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Nichola's SME Tax W-update 14 November 2019

Last Updated: 30 August 2023

Hello

We are celebrating the lack of a budget (the budget being postponed until after the general election) by revisiting some of our most popular guides including company cars, vans and employee benefits.

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  1. Nichola's SME Tax W-update 7 November 2019
  2. General election delays loan charge review
  3. PRR date of acquisition is completion, not exchange of contracts
  4. Nichola's SME tax W-update 31 October 2019
  5. Trust gets 5 years interest free credit on CGT charges

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