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: Last Updated: 28 March 2014

Noting the reactions of advisers to a "Shock, horror" tax penalty news story (see below) we have been extending our CPD Tax Penalty guides for advisers. This time we have: NEW Tax penalties: advisers' update A summary of the new rules drilling down to detailed guidance. NEW Tax Penalty Planner At a glance: which penalty will apply, when, where and how. Clients will be horrified but you will have a much better understanding of the system after seeing this. We also provide constructive guidance on the consequences of getting that Service Company question wrong, as well as bringing out several new Practical Tax Guides and updates and the news (scroll down). All the best Nichola Nichola Ross Martin FCA Tax Director www.rossmartin.co.uk Your online Virtual Tax Partner: practical support for accountants, tax advisers and their clients
Freeview & News The service company question: P35s and SA tax returns What do you answer in relation to the service company question found on the P35 and SA100 tax returns? What tax penalties apply if you get it wrong? Tax news-trivia: VAT and trailer widths Do you know the maximum size of a trailer (including caravans) that may legally be towed by cars and why it affects VAT? Small employers can file P35s by post Confused and unable to file online? No penalties if you are small. Shock, horror? Taxpayer gets a 70% penalty Nothing too shocking, a taxpayer made an error and HMRC fined him. Are you geared up to cope with the new tax penalty regime though? Tax Data Even more tax rates and allowances, all updated following the Budget. Updates, New tax guides and checklists For PAID subscribers only (because you're worth it :) Goodwill and the intangibles regime A new guide, what is deductible for tax. Pre and post March 2002 rules, tips for incorporation. Tax penalties: advisers' update A summary of the new rules drilling down to detailed guidance. This will expand in coming weeks. Tax Penalty Planner Print this off and discuss it with clients. We will expand this further and link it to our new client guides next week. Tax penalties: failure to make a return (late filing) More penalties, more guidance. Tax penalties: grounds for appeal Updated further for more successful and unsuccessful appeals. Incorporation checklist Updated sections: goodwill and fixtures elections PAYE Tips and Links The Tax Geek summarises the key PAYE developments in the last month (with links). PAYE dispensations It is that time of year again: the process and what is covered has been changed. You MUST review and update existing ones. Buyer: should I elect to fix the purchase price of fixtures? Part 1 of our new step by step guide to capital allowances. Tax planner for 2010/11 & 2011/12 Our UNIQUE Budget tax planner for 2010/11 and 2011/12 has been updated with new links. Estate planning checklist Need a refresher? This checklist covers spouses, gifts and exemptions. Inheritance Tax Rates and Allowances A new addition to the Tax Data section. Surplus cash CGT & IHT Relief and ESC C16 Company has large cash surplus: how does this affect Entrepreneurs' Relief, Business Property Relief, and what if you try and dissolve the company? Updated: for Budget...More New and updated Practical Tax Toolkits Practical Tax Toolkits For companies, these are continuing to be updated How to value a business An introduction to the basics Unlawful, illegal and ultra vires dividends Updated following the Budget this illustrates the different tax treatment for different types of individual in connection with a close company. Recent FREE view guides & updates P11Ds: penalties How does HMRC's new penalty regime affect P11Ds? This guide will update you. PAYE: late payment penalties These are even worse than we thought. We add more practical considerations for businesses and advisers.
KEY reading this quarter (subscribers only) Employers' Quarterly Tax Briefing Top tips, tools, links and planning ideas for 2010/11 and beyond...More Quarterly Tax Refresher (for advisers only) This essential tax tool is an excellent source of online CPD. Download this onto your mobile, train staff, and of course brief your clients...More More FREE news, guides, notes and checklists You have to pay to subscribe to unlock the full content in www.rossmartin.co.uk. Here is some of our free material: Recommendations: what do our subscribers say about us? Free guides You have two options: 1. Explore the site (then click on the menus and you will soon see what is free) 2. See a small sample. Missed an edition? See Nichola's SME Tax News Archive. Subscribe to the Practical Tax Database to UNLOCK your internet Virtual Tax partner: What do you get? Open access to the entire Practical Tax Database which contains over 300 tax and legal guides packed full of essential know-how for advisers. Our regular Email update when there are new guides and tax issues that we think you MUST read. Nichola’s monthly SME tax news summary (we do the reading and cherry pick the best of the press, magazines and websites for you). NEW our Quarterly Tax Refresher (for advisers ONLY) + our Quarterly Employer Briefing. A 25% discount to our NEW tax webinar-update service). You can also commission guides and checklists for your own practice, post comments and upload your own articles. You can access the Virtual Tax Partner service for FREE quick calls, or just a chat.