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

Nichola's SME Tax W-update 26 October 2023

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  • HMRC starts work on VAT Split Payments Proof of Concept
  • Government responds to tax reliefs reports 
  • SC finds director’s share options are Employment-Related Securities 
  • Sickness lump sum NICable in single year 
  • Taxpayer uses WhatsApp to prove enquiry notice is out of time 
  • No BPR for ‘village hall’ wedding barn business
  • Blissful ignorance of the correct VAT rate for chocolate biscuits

Subscriber CPD/specials

  • Pre-trading expenses NEW
  • Capital taxes round-up: 2023 NEW
  • Cash or accruals accounting toolkit UPDATE
  • Tax risk review
  • Employment status & detailed checklist 
  • Shifting your income to save tax
  • Top Slicing Relief: How you slice it
  • Land: future consideration (overage)
  • SRT: Statutory Residence Test

Read More...


Nichola's SME Tax W-update 19 October 2023

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  • Employer Bulletin: October 2023 
  • Employer Bulletin: October 2023 
  • HMRC say that ISAs can't hold fractional shares
  • New statistics show CGT up 27% on trusts 
  • SA paper return available online as deadline looms 
  • R&D CT600 glitch causing submission errors 
  • Ramsay principle catches partnership tax planning
  • No £30,000 exemption for payment for loss of share options
  • VAT surcharges do not require assessment of VAT 

Subscriber CPD/specials

  • Online filing exclusions for 2022-23 tax returns
  • Foreign income and residency pages: FAQs
  • Accountancy & tax fees
  • PAYE Settlement Agreements UPDATE
  • Stamp Duty: Share-for-share exchanges UPDATE
  • Share-for-share exchanges UPDATE
  • Named tax avoidance schemes, promoters, enablers UPDATE
  • Vehicles (4 wheels): Allowances
  • IHT: Main Residence Nil-Rate Band (RNRB)
  • Staff, Bureaux or Agencies and VAT

  Read More...


Nichola's SME Tax W-update 12 October 2023

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  • SATR discrepancies One-to-Many letters
  • IFS says full expensing should be made permanent
  • Public service pensions & the McCloud remedy
  • HMRC's CEST moves to new platform 
  • Electric car charging: HMRC BIK policy change
  • SDLT enquiry deemed in time 
  • Late ATED return penalties cancelled 
  • PRR period of ownership relates to dwelling only 
  • Revenue & Customs Brief 7 (2023): Drugs & medicines under patient group directions 

Subscriber CPD/special

  • Rollover Relief: Exchanges of joint interests in land
  • Farming: Tax Overview UPDATE
  • Business Asset Disposal Relief (Entrepreneurs' Relief): Disposal of shares or securities in a company UPDATE
  • Trust Registration Service UPDATE
  • Client Briefing: How to avoid penalties for carelessness? UPDATE
  • Economic Crime Levy UPDATE

  Read More...


Nichola's SME Tax W-update 5 October 2023

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  • Revenue Scotland releases Green Freeports guidance
  • Tax exemption for war 'widow' recognition payments
  • Spotlight 63: Property business arrangements involving hybrid partnerships
  • Grazing land does not make equestrian property mixed use for SDLT
  • F1 lawyer's appeal fails again, £40 million is taxable as income 
  • Repatriation of the dead predominantly a supply of transport 
  • Withdrawal of paper VAT registration form 

Subscriber CPD/specials

  • Investment bonds & tax UPDATE
  • Badges of Trade: Are you trading or not? UPDATE
  • Conditionality: taxi, private hire vehicles and scrap licenses UPDATE
  • IHT Agricultural Property Relief UPDATE
  • Economic Crime Levy UPDATE
  • Reverse charge: Domestic UPDATE
  • Post-deregistration VAT recovery UPDATE
  • NEW: CPD: Corporation Tax Part 1: Rates and Challenges
  • NEW:CPD: Corporation Tax Part 2 Associated Companies
  • NEW:CPD: Corporation Tax Part 3 Augmented Profits & Marginal Relief

 Read More...


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

SME Monthly Summary September 2023


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