SME Tax Monthly Summary July 2022

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

Nichola's SME Tax W-update 28 July 2022

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• Agent Update: July 2022 
• 60-day CGT returns required despite reporting under Self Assessment
• 2018 Employment Status consultation outcome is bad news for workers
• Consultation on improving the data collected by HMRC 
• Helping taxpayers get offshore tax right, Consultation outcome
• Directors' responsibilities and duties
• Time to Pay agreement
• GAAR: Repayment of a participator loan through transactions involving group companies (freeview) 
• FTT reluctantly denies CJRS claim 
• No Business Property Relief for apart-hotels
• Chaotic records lead to tax on unexplained payments 

Subscriber CPD/specials

• Land & Property: DIY Housebuilders scheme
• Is voluntary VAT registration worthwhile?
• Record-keeping & tax: What, how and until when?
• Ceasing trading: What are your options?
• Trust Registration Service
• Joint property: legal v beneficial ownership
• Overseas Workday Relief (OWR)
• Super-deduction & First Year Allowances
• NEW: CPD: MBOs: How should they be structured?
• CPD: VAT update 2022

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Nichola's SME Tax W-update 21 July 2022

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• Finance Bill 2022-23: at a glance
• Another OTS Review of tax simplification
• Successful year for HMRC in tax avoidance litigation
• HMRC's 2021-22 Accounts
• Crypto-crash? There are warning signs
• Making Tax Digital: A survival guide (for the self-employed & landlords)
• No partnership no tax relief     
• Capital Losses allowed despite lack of evidence
• UT: FTT VAT decision flawed 
• Invalid invoices prevent VAT recovery 

Subscriber CPD/specials 

• Land: future consideration (overage)
• Farming: Overview
• EMI: Enterprise Management Incentive Scheme
• Employment-Related Securities & Share Schemes
• CGT: Date of acquisition or disposal
• R&D: Capital allowances
• Super-deduction & First Year Allowances
• NEW: CPD: MBOs: How should they be structured?
• NEW: CPD: Setting up a corporate group

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Nichola's SME Tax W-update 14 July 2022

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• Executors: have you claimed the correct transferable IHT RNRB?
• Committee inquiry into crypto-asset industry  
• Crypto & Decentralised Finance Consultation  
• Sanctions against Russia: update for accountants & advisers
• Climate Change Committee urges Treasury to use tax to achieve Net Zero
• CBI pleads for serious and credible tax plans from Tory candidates 
• CGT: Reporting Obligations
• Personal Liability Notices
• Penalties: PAYE and late payment
• Neglect by director leads to £63k NICs bill
• Salaried members' rules hit hedge fund bonuses 
• UT confirms football pitch hire was an exempt composite supply 

Subscriber CPD/specials

• Flat rate scheme
• Joint property elections
• Extracting profits
• Issuing new shares (planning and pitfalls)
• Travel (employer's guide)
• How to calculate a capital gain or loss
• Grounds for Appeal: Legitimate Expectation
• Grounds for Appeal: Reasonable excuse

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Nichola's SME Tax W-update 7 July 2022

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• MTD draft legislation confirms three-line account
• Live Corporate Criminal Offences investigations halve 
• Wales: Licensing of visitor accommodation and LTT changes 
• Consultation on sovereign immunity from direct taxation 
• Calendar of tax deadlines and new tax measures
• Compare software for Making Tax Digital for Income Tax
• Sky football commentator scored as being an IR35 employee
• Court of Appeal dismisses Land Remediation Relief claim 
• FTT decides value of shares gifted to charity 

Subscriber CPD/specials

• Education & VAT
• Energy-saving materials
• Company Tax: What’s new? 2022 
• Non-Resident Landlord Scheme
• Making Tax Digital for Income Tax: Data required by HMRC 
• Directors' loan accounts: Toolkit (subscribers)
• Termination, redundancy and leaving payments
• High-Income Child Benefit Tax Charge
• NEW: CPD: Setting up a corporate group

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

SME Monthly Summary June 2022