Podcast Episodes
A summary of each podcast episode is shown below. You can download the episodes where you usually obtain your podcasts including: Apple Podcasts, Amazon music, Spotify, Google podcasts, Podcast addict, Podchaser, PlayerFM or play from the link below.
The podcasts provide tax CPD for accountants based in the UK
What's new in October 2023 - part B
Contact Ros Martin
Ros is a leading tax consultant and trainer, she can be contacted at:
E-mail: ros@taxdr.co.uk
Website: www.taxdr.co.uk
The October 2023 - what's new in tax update
The October 2023 update provides you with an update on a range of practical issues that are topical or have been recently raised as important by HMRC.
The episode
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Explains each issue and points to watch out for
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Looks at planning points, action to take and likely HMRC approach
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What to do now if you are affected, the administration you need to do e.g. how to actually register a trust etc.
The episode aims to explain the issues and the action you can take.
The guest is Ros Martin a tax consultant and trainer. Ros can be contacted at ros@taxdr.co.uk or www.taxdr.co.uk.
The update is split into two episodes of about 30 minutes each.
In part A we looked at
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HMRC’s spotlight 62 and owner managed businesses
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Practical issues registering trusts
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IR35 – developments in Autumn 2023
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R & D the issues you need to know about even if you have not done the claim
In part B we look at
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CGT reporting of gains on properties and the current problems
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HMRC update on capital allowances and the end of super deductions
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Basis period – point to watch
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General points on SME tax planning and extraction of funds
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BADR planning for the serial entrepreneur
Details contents and timings
1:41 CGT reporting of gains on properties
2:57 Different treatment of UK resident and non-UK resident individuals
3:12 Which properties are affected?
4:29 When and where to report?
5:28 Can I use my agent's account?
6:16 Penalties
8:12 Practical example
11:27 Impact of Connect and Land Registry
13:39 Capital allowances and end of super deductions
14:40 New HMRC guidance on balancing charges and super deductions
18:06 Basis period - point to watch on early change of date
18:22 Changing accounting date in 2022/23 not 2023/24
19:32 Can you change the date back?
21:02 Small company tax planning and can it be challenged?
21:38 Importance of wholly and exclusively
22:48 Can a salary / pension scheme split be too aggressive?
24:47 Using pension contributions to create a loss. Beware
28:09 BADR planning for the serial entrepreneur
32:12 Associated companies - brief reminder
34:53 Additional guidance on capital allowances from HMRC
