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Expert support for faculty members on key tax issues of 2021

10 February 2021: Respected tax authority Rebecca Benneyworth has written two new TAXguides offering valuable insights into the key issues facing agents at the start of 2021 and exploring what business structure has the lowest tax burden.

Published on 5 February, the first of the guides (TAXguide 04/21) aims to support   accountants in practice, providing simple signposts concerning which business structure will give rise to the lowest tax burden.

In the guide, Benneyworth considers not only the current position but looks at how future rate changes might influence the decision. In particular, she examines the impact of changes to Class 4 national insurance contributions, corporation tax and dividend tax.

In TAXguide 05/21, meanwhile, Benneyworth offers her insights into the important issues for tax practitioners at the start of 2021 ahead of the Budget on 3 March. The guide covers:

  • the taxation of coronavirus support payments;
  • company car changes;
  • joint and several liability of directors for company tax debts;
  • directors’ loan accounts;
  • Making Tax Digital for VAT, and
  • changes to VAT MOSS due to Brexit.

These TAXguides are available exclusively to Tax Faculty members and subscribers to Faculties Online. Find out more about how to join the Tax Faculty.