HMRC changes SA penalty deadline
HM Revenue & Customs are not charging penalties for Self Assessment returns filed late on 1 and 2 February 2012, due to industrial action by some of its helpline staff...More

Tax queries or a second option required?
For last minute Virtual Tax Partner support come and try our VtaxP hotline...More

Normal service will be resumed next week with my latest Adviser Update.

Best wishes


Nichola Ross Martin FCA
Tax Director
Your online Virtual Tax Partner: practical support for accountants, tax advisers and their clients

QUICK news & guides

PAYE codes for share scheme leavers
New consultation

PAYE Codes: leavers & OT code
Quick guide to current codes

Capital expenditure allowances - signpost
Quick guide to alternative allowances to plant and machinery capital allowances.

When a dividend is subject to NICs (Part 3)
A contrived bonus scheme is taxed as employment earnings (may yet appeal to Supreme Court).

Use of home for business purposes
Tax treat mini guide for your staff.

Pensions: carry forward of unused allowances
The mechanics of the carry-forward of deemed allowances from 2008/09.

Directors' loan accounts: toolkit
UPDATE: our version of HMRC's toolkit for advisers but ours is a modified version to include additional planning points.

Investigations and enquiries

Ain't misbehaving?
NEW: Dave Williams is unimpressed by HMRC's attitude in his new blog.

Employment taxes

Collecting Tax Debts through PAYE
From April 2012 debts of up to £2,999 will be added to codes. These will be issued from now on.

Subscribers' Guides

Don't miss:

Property profits & losses: toolkit
UPDATE: don't miss this if your are doing rental accounts.

Fixtures: overview
UPDATE: confused about late claims for Fixtures and changes in 2012? Start here.

Disappearing tax reliefs
UPDATED: tax reliefs and changes that will affect your clients in the next 12 months.

Finance Bill 2012: tax planner
Our rolling CPD buster for SME advisers.

ESC C16: the last chance
From 1 March 2012 most companies will need to appoint a liquidator in order to cease trading.

Amnesties/disclosure opportunities to-date
Another quick guide!

Dividends: index
Start here for our new guide to dividends: minutes, warrants and tax on unlawful distributions.

Legal or unlawful dividends: Companies Act 2006
A mini-guide.


Tax planning for directors
Index to guides and updates

Retirement: a purchase of own shares
A menu and summary

VAT: a whole new section
Toolkits, practical guides, current reclaim opportunities and updates

Subscribers please email Nichola with your feedback, it all helps.

Subscribe now

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Subscribe (and UNLOCK the whole site)
A single user annual subscription is £295 (+ VAT)

What do you get?

  • Open access to the entire Virtual tax database together with bonus material.
  • Structured CPD our detailed SME tax updates "for Advisers Only" provide topical summaries and planning notes.
  • Regular client tax briefings: these cover the latest business and employment tax issues and are designed to assist you plan meetings and improve your client services.
  • A regular Email update when there are new guides and tax issues that we think you MUST read.
  • Nichola’s monthly SME tax news summary (we do the reading and cherry pick the best of the press, magazines and websites for you).
  • A 25% discount to our Tax W-updates (that is a tax webinar-update service).
  • A 20% discount on our new Tax Masterclass.
  • You can also commission guides and checklists for your own practice, post comments and upload your own articles.
  • Access to the Virtual Tax Partner service for FREE quick calls with a discount of 25% on phone, email and investigation tax support from the Virtual Tax Partner helpline.