SME Tax News

Nichola Ross Martin writes: in a recent magazine article I wrote on Associated Companies an example was misattributed to HMRC. This item is to clear matters up for any readers of that magazine.

HMRC have announced that they will not be updating their corporation tax software for Budget changes until October 2011, this may affect online filing of Company Tax Returns for those who wish to file returns promptly.

A short news update this week, we have:

HM Treasury has opened Consultation on the abolition of 36 tax reliefs.  

Agent Account Managers (AAMs) have been introduced nationally in order to assist and support tax agents.

Despite amendments to its proposals the Government's Disguised Remuneration legislation has been branded "far too complicated" by the Chartered Institute of Taxation (CIOT). It "risks creating problems as well as solving them".

 

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