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

Nichola's SME Tax W-update 23 February 2023

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  • Employer Bulletin: February 2023
  • Agent Update: February 2023 
  • Advisory fuel rates from 1 March 2023
  • Pension: Review National Insurance records by 5 April 2023
  • HMRC advise longer lead times for PAYE direct debits 
  • Scottish Deposit Return Scheme
  • Employer-Financed Retirement Benefits Scheme (EFRBS) (Freeview)
  • Supreme Court confirm e-newspapers were standard rated  

Subscriber CPD/specials

  • Extracting profits as salary or salary plus dividend combinations calc 2023-24 
  • Brewers: Tax Overview
  • Doctors and Dentists: Tax Overview
  • Land & Property VAT (Subscriber guide)
  • R&D: Staff costs, subcontractors & reimbursed expenses
  • Greenhouses & polytunnels: Capital allowances
  • IHT: Estate planning checklist
  • CPD: Associated Companies

Read More...


Nichola's SME Tax W-update 16 February 2023

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  • Why the government didn’t go ahead with Online Sales Tax
  • HMRC sends further one-to-many letters 
  • Outcome of Reforming Non-Domestic Rates in Wales consultation 
  • LBTT: ADS changes
  • Not possible to assign film scheme income
  • HMRC challenges legality of CBD sales
  • Late filing excuses not reasonable   
  • Conservatory roof panels not insulation for VAT
  • Matchmaking service is not a consultancy for VAT 

Subscriber CPD/specials

  • Salary v Dividends: what are your options in 2023/24
  • Accounting periods and tax basis periods
  • Purchase( repurchase) of own shares
  • AIA & WDA: Rules where there is a change of rate
  • CGT: Holdover/gift relief
  • Residential Property gains
  • How to appeal a tax penalty (subscriber version)
  • Mandatory Disclosure (DAC6): Do you need to make a report?
  • Wholly and exclusively…toolkit
  • Replacement of Domestic Items Relief (subscriber guide)

  Read More...


Nichola's SME Tax W-update 9 February 2023

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  • Increase in HMRC interest rates  
  • Review National Insurance records by 5 April 2023 
  • Offshore Entities miss registration deadline
  • Tax Planning & Tips: Tax Year End
  • Annual expenses for employees: How to claim
  • Supreme Court's Tooth obiter dicta sets precedent on staleness
  • No higher rate SDLT relief, property not main residence
  • VAT TOMS: No repayment for negative margin 
  • Extension ineligible for DIY Housebuilder scheme    

Subscriber CPD/special

  • Airbnb: Tax Overview
  • LBTT: Additional Dwelling Supplement
  • Property profits & losses: Toolkit (2022-23)
  • Tax-efficient extraction of company profits: toolkit (2023/24)
  • Overpayment Relief
  • Alternative Dispute Resolution for SMEs
  • Discovery Assessments
  • CPD: Directors Tax Update 2022-23

 Read More...


Nichola's SME Tax W-update 2 February 2023

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  • Live Corporate Criminal Offences investigations remain stable 
  • HMRC blocks Agents Services Accounts over AML queries
  • Campaign: Offshore Companies Owning UK Property
  • HMRC's Employment Securities Bulletin 47
  • No legal privilege for property lawyers' client account 
  • £6 million in 'gifts' were earnings  
  • FTT erred in deciding Nakd bars were confectionery for VAT 

Subscriber CPD/specials

  • Hairdressers: Tax Overview
  • Super-deduction & First Year Allowances
  • Deed of variation
  • IHT Agricultural Property Relief
  • Statutory Residence Test (SRT) Toolkit
  • Overpayment Relief
  • Penalties: Deliberate Behaviour
  • NEW: CPD: Directors Tax Update 2022-23

 Read More...


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

SME Monthly Summary January 2023


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