“The extension for a further year of the CGT relief on gains reinvested into SEIS qualifying shares (albeit at half the level for 2012/2013) will be welcome by new small companies looking for an injection of kick-start funds”.

The Association of Taxation Technicians (ATT) has welcomed improvements announced in the Budget papers to proposals for reform of small business taxation.

The Association of Taxation Technicians (ATT) has welcomed the doubling of the employer-loan limit from April 2014, and suggested the change should come in even sooner.

The Association of Taxation Technicians (ATT) welcomes the announcement today by HMRC, that it is making a significant relaxation to the Real Time Information (RTI) PAYE reporting requirements for small employers for a limited period.

HMRC have sent us the following information, explaining how they consider employers or agents can best try to resolve queries on RTI from 6 April.

HMRC update starts here:

Before 1st October 2012 many smaller self storage operators were unable to reclaim input tax incurred on capital costs. They were unable to do this because their self storage fees were exempt from VAT and the relevant input tax exceeded the

HMRC have announced that elections to stop receiving Child Benefit (CB) must be made before Thursday 28 March 2013, if the individual wants to prevent a higher income child benefit charge being assessed on the person with the higher income.

HMRC have provided a further informal update on PAYE related matters for sharing. The update covers guidance for employers on how to prepare for RTI with just one month until it is introduced.

Agent Update 34, February - March 2013, has been published. This is available to download here in PDF format.