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: Last Updated: 16 September 2024

This time we have: An updated 2010/11 and 11/12 tax planner for Advisers A new travel guide for Directors New guidance on Overpayment Claims, and A Tribunal decision in which a company's rugby club sponsorship is disallowed for Corporation Tax deduction. I hope that it will be appealed, it is a dog's dinner of a decision and I have difficulty understanding what on earth the judge meant. 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
NEWS Overpayment Relief (formerly error or mistake) From 1 April 2010 Overpayment Relief replaces Error or Mistake Relief. Customer overpayments: taxable income In a recent tax case the Tribunal held that customer overpayments are taxable as trading income. Rugby sponsorship disallowed for tax A First-Tier Tax Tribunal decision has the potential to upset a lot of businesses (and sporting clubs, or other organisations that benefit from business sponsorship). Tax Data Add to your favourites, a growing library of tax data, rates and allowances. Budget 2010: at a glance A one minute summary of the June Emergency Budget announcements. Updates, New tax guides and checklists For PAID subscribers only (because you're worth it :) Finance Act 2010: tax planner for tax advisers UPDATED: KEY reading this quarter planner with links to show what is new for 2010/11 and expected in 2011/12. Travel rules for owner-managers NEW: nothing to do with the Budget, but a new guide for Directors to celebrate HMRC's recent Employment Income manual updates. CGT: Entrepreneurs' Relief UPDATED: new examples and a new section to explain the consequences and interation with CGT deferral using loan notes. Furnished Holiday Letting UPDATE: on current situation plus new rulings on VAT. NEW Main Menu headings Private Client Our CGT and property guides (including FHL) are now located here. Penalties & Compliance The new home for our guides and summaries to penalties, disclosure regimes and compliance visits are now located here. Recent additions Enterprise Management Incentives (EMIs) FREE guide to tax-advantaged share options. EMI: checklist LOCKED (for subscribers) Planning a share scheme? We provide a step-by-step checklist. Tax penalties: P11Ds UPDATED to resolve queries about interaction of tax and NICs regs. Tax Avoidance Schemes Better the devil you know? We run through the top favourites (from HMRC approved to contrived and artificial) for Income Tax, Corporation Tax, Capital Gains Tax and SDLT. Converting part of a home into an office NEW for Directors: do you pay or does the company foot the bill? We examine the tax consequences. Converting part of a home into an office NEW for the Self-Employed: the tax position is interesting from CGT to SDLT to VAT.
Favourites Accounts: tax health check (self-employed) A practical tax toolkit (think HMRC's toolkits but add planning, useful tips and tax know-how) Property profits and losses 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 Practical Tax Toolkits For companies, these are continuing to be updated 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 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 350 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. Up to 50% off the Virtual Tax Partner helpline. 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.