SME Tax News

Our UNIQUE Budget tax planner for 2010/11 and 2011/12.

 

The Budget was as expected, a bit dull.

CGT Entrepreneurs' Relief to apply to first £2 million and the Capital Allowance Annual Investment allowance doubles. 

High on politics but also stuffed full of anti-avoidance measures...

We have updated the incorporation guides and checklists and added a new guide to cessation.

In Ms Sian Williams v HMRC TC 00397 a clothing case has made the Tax Tribunal. This one involves a TV newsreader "the smart-casual look". Disappointingly for tax-buffs she is an employee, unsurprisingly no deduction is allowed.

Only a very short update this week as we gear up for the end of the tax year and the Budget.

 

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