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As the clock ticks down on both Brexit and Making VAT Digital, we have decided to ignore the former and concentrate on what everyone needs to do in order to become compliant for the new VAT regime.
Government responds to Lords on Making Taxes Digital
The government’s reaction to the House of Lords Economic Committee’s November 2018 recommendations in their paper, 'Making Tax Digital for VAT: Treating Small Businesses Fairly (House of Lords Paper 229)' may not give comfort to any small businesses and their advisers who were hoping that HMRC may yet postpone or modify the current plans to making VAT much more digital.
Nichola's SME Tax W-update 15 February 2019
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Welcome to another web-update. We have a new Finance Act and new guides to Making VAT Digital. As HMRC have not put out anything useful on the topic of digital exclusion we have created our own guide.
Nichola's SME tax W-update 8 February 2019
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This time, we feature some useful new guides to assist you in planning for the end of the tax year as well as making a review of topical cases.
Nichola's SME tax W-update 1 February 2019
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The chancellor has announced date of his Spring Statement. This is an not an additional budget (Budget 2019 is scheduled for the Autumn), we might though expect further announcements on key measures such as Making VAT digital and perhaps hear more on certain outstanding consultations, such as employment status.
Use of home claim was excessive
In Sandra Annette Carter v HMRC [2018] TC6862 the FTT found that an accountant’s use of home claims were excessive. There was no evidence to show business use of three rooms, and the claim was reduced to one room.
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