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

Nichola's SME Tax W-update 22 December 2021

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  • Christmas planner
  • Warning! Gremlins hit HMRC's Making VAT Digital
  • Future of insolvency regulation includes independent oversight
  • HMRC increase late payment interest rate
  • Welsh Budget 2022-23: Summary 
  • Consultation: Land Transaction Tax, second homes and holiday lets 
  • New COVID-19 support package for businesses affected by Omicron
  • Trusts and Estates: What’s New December 2021 
  • Starting in business? Start here
  • Entrepreneurs' Relief available on disposal of partnership assets
  • Director escapes high tax penalties due to ignorance of tax law
  • Share sale was actually a fundraising activity for taxable supplies 

Subscriber CPD/specials

  • Freeports: Tax breaks 
  • Plastic Packaging Tax
  • Different ways of taxing UK property
  • Training and course fees
  • How are Bitcoin, cryptocurrencies or cryptoassets taxed in the UK? 

Read More...


Nichola's SME Tax W-update 16 December 2021

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  • Scottish Budget 2022-23: Summary 
  • Self Assessment 2020-21 returns: Updated online filing exclusions 
  • Call for evidence on penalties and compliance for ISAs
  • Agent update: December 2021 
  • R&D expenditure not subsidised 
  • Scope of Schedule 36 notice reduced by FTT 
  • Pension contribution not wholly and exclusively for trade    
  • A fact could not be remade by FTT and VAT penalty due 
  • Church of England spiritual retreats are standard rated 

Subscriber CPD/specials

  • Medical benefits and health checks
  • Basis Period Reform
  • Directors: Tax planning toolkit for 2021/22
  • Do I have to file a tax return?
  • Entertaining
  • Farming: Overview
  • R&D: SME Tax Credit scheme
  • Working from home (employer/ee)
  • PRR: Private Residence Relief  

Read More...


Nichola's SME Tax W-update 9 December 2021

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  • Employer Bulletin: December 2021
  • Making Tax Digital for Corporation Tax: Summary of responses
  • Office for Tax Simplification: the show must go on 
  • Hidden economy conditionality in Northern Ireland and Scotland: Summary of responses 
  • HMRC report: Use of marketed tax avoidance schemes
  • Responses on the future structure of the tax system
  • Consultation: Stamp Duty Land Tax: Mixed-Property Purchases and Multiple Dwellings Relief 
  • Christmas parties and gifts 
  • Calendar of tax deadlines
  • SDLT sub-sale scheme ineffective  
  • Employee Share Options are acquired and taxable when granted
  • SEISS policy for maternity is discriminatory but justified
  • Matchmaking service was consultancy for VAT

Subscriber CPD/specials 

  • Foreign and residency pages: FAQs
  • Property profits & losses: Toolkit (2021-22)
  • Year-end tax planning review
  • Trust Registration Service
  • Cultural Gifts Scheme and Acceptance in Lieu

 Read More...


Nichola's SME Tax W-update 2 December 2021

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  • HMRC issues post-Brexit Christmas shopping warning
  • Chancellor responds to OTS’s reports on CGT and IHT 
  • Call for Evidence: Umbrella Company Market
  • Tax Agents: Raising Standards in the tax advice market
  • Unaffiliated tax agents: what type of agent are you?
  • Too rich to TiS?
  • Non-UK resident not entitled to Child Benefit  
  • Simplifying the VAT land exemption: Summary of responses

Subscriber CPD/specials

  • Residential Property Developer tax
  • Tax Penalties for accountants, advisers and tax agents
  • Working from home (self-employed)
  • Advisers' guide to Property Business profits
  • Transactions in Securities
  • Mobile phones & devices
  • IHT: Normal Expenditure Out of Income (gifts) 

Read More...


 

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

SME Monthly Summary November 2021


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