Missed our SME Tax Web-updates in November? Here is a summary of the month.

Nichola's SME Tax W-update 25 November 2021

Freeview

  • Agent update: November 2021
  • Advisory fuel rates from 1 December 2021 
  • HMRC analyse commercial impact of SDLT increase
  • National Minimum Wage: Driver can deduct car rental costs
  • Tax-free dividend scheme fails, income is taxable on company owner
  • Company’s supplies were not made outside of the EU 
  • Conservatory roof boards still not insulation for VAT

Subscriber CPD/specials

  • Energy Savings Materials
  • Plastic Packaging Tax: do I need to pay it?
  • Super-deduction & First Year Allowances
  • Woodlands: Overview
  • Starting Work 5. Agency or umbrella tax-avoidance risk
  • De-enveloping property
  • Management Buyout: What are your options?
  • Tips, gratuities and troncs
  • How to set up a UK trust

Read More...


Nichola's SME Tax W-update 18 November 2021

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  • New limit to flat fees on pensions 
  • Economic Crime (Anti-Money Laundering) Levy
  • Late appeal: taxpayer failed to provide evidence
  • Lack of documents did not invalidate Schedule 36 Notice 
  • FTT has no jurisdiction if there is no appealable decision 
  • No EIS relief for non-commercial trade  
  • Best VAT Flat Rate error leads to HMRC 'best judgement' assessments  

Subscriber CPD/specials

  • Estates: Income Tax and CGT
  • Plastic Packaging Tax
  • Freeports: Tax breaks
  • EIS: Enterprise Investment Scheme (Subscriber guide)
  • Profits from dealing in or developing land
  • Incorporation of an existing business
  • PAYE Codes: Starters/leavers & 0T code
  • Estates: How to deal with Income Tax and Capital Gains Tax 
  • Penalties: Late Filing (deliberately withholding information)
  • CPD: Business Asset Disposal Relief

Read More...


Nichola's SME Tax W-update 11 November 2021

Freeview

  • Misuse of registered office
  • Furnished Holiday Letting: further COVID guidance 
  • HMRC warning crypto investors about their CGT obligations
  • Dormant company? Inform HMRC online
  • Basis period reform: Consultation responses
  • Consultation: Corporate re-domiciliation 
  • Official rate of interest
  • Late pension protection notification refused 
  • Sky Sports presenter was an employee 
  • Sale of storage pods to investors is exempt supply
  • EU court rules learning to swim is not education
  • Cambridge rowers beat HMRC in VAT case

Subscriber CPD/specials 

  • Sport and physical recreation
  • Joint & Several Liability of Company Directors etc
  • Overseas Workday Relief (OWR) 
  • Accounting periods and tax basis periods
  • Non-resident directors: earnings, expenses and reporting requirements
  • Married couple v. unmarried couple (taxation of couples)
  • CGT: Date of acquisition or disposal

 Read More...


Nichola's SME Tax W-update 4 November 2021

Freeview

  • No accommodation tax relief for temporary HGV drivers
  • File a 2019-20 return or repay SEISS grants 
  • IHT reporting requirements to be eased  
  • Residential Property Developer Tax consultation responses 
  • Autumn Budget 2021: Extensions to Creative Tax Reliefs
  • UK abandons Digital Services Tax
  • SDLT avoidance scheme fails 
  • SME R&D relief allowed: Investor was a Venture Capital company
  • Dishonest agent prevents Discovery assessments 
  • Supply was of medical staff, not medical care, and was not exempt

Subscriber CPD/specials

  • Consultation on the new alcohol duty system 
  • Business Rates Review: Final Report 
  • Finance Bill 2022: tax update and rolling planner 2022-23
  • Influencers: what expenses can I claim?
  • Adviser's Guide: Property Business, profits and losses
  • Do I pay a salary or dividend? 2021/22
  • R&D Tax Relief: Overview
  • Apprenticeship levy (employers' briefing)

Read More...


 

Missed last time's monthly web-update? Get it here...

SME Monthly Summary October 2021


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