The Government has launched a consultation on the treatment and transparency of tips, gratuities, cover and service charges.
SME Tax News
Hello
This time we feature our regular Capital Taxes round-up together with a handy comparison on the differences between SDLT and the Scottish version 'Land and Buildings Transaction Tax'. Those of you north of the border will be pleased to know that we are tracking the progress of your devolving tax system!
A new report by the National Audit Office (NAO), 'The quality of service for personal taxpayers', reveals that HMRC misjudged its customer staffing in its move to automate telephony and change to paperless self assessment in 2014 and 2015.
HMRC have launched a consultation, Tax deductibility of corporate interest expense: consultation on detailed policy design and implementation, to obtain views about how the restriction on the tax deductibility of interest should be legislated.
HMRC has launched a consultation Reforms to corporation tax loss relief: consultation on delivery, following the announcement at Budget 2016 that companies will be able to use trading losses brought forward more flexibly in the future
HMRC is continuing its RTI penalty concession. Employers have an extra three days to report their payrolls online...until 2017.
The Office of Tax Simplification (OTS) has released details of its current projects, including further work on the alignment of income tax and NICs and a review of the corporation tax computation.
Hello
A warm welcome to those of you who are receiving our news update for the first time after meeting us at the Accountex exhibition last week. Special thanks also to all the subscribers who stopped by our stand to introduce themselves. It was great to meet you in the 'real' world and your enthusiasm for what we are doing is genuinely inspiring.
- Making Tax Digital: consultations delayed
- CGT: confusion over deductions on disposal of a sole trade
- Share loss relief: loan converted into shares
- HMRC update guidance on selecting a Flat Rate Scheme percentage
- Share loss relief: shares not Ordinary
- Entrepreneurs' Relief: the dangers of unusual share rights