More time to file tax returns and pay tax due
January 13, 2022

HMRC is responding to the pressures we all feel as the new COVID-19 variant, Omicron, makes normal life difficult once more.

The offer by HMRC is generous. Basically, they have announced that taxpayers who have still not filed their...

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Are you registered to use MTD for VAT?
January 11, 2022

Businesses are reminded to take steps to prepare for Making Tax Digital for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year.

Making Tax Digital is designed to help businesses...

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Don\’t forget to declare COVID-19 grants
January 6, 2022

HMRC have issued the following guidance to taxpayers who may have received COVID-19 grants during the 2020-21 tax year.

“If you claimed Self-Employment Income Support Scheme (SEISS) or received Coronavirus Job Retention Scheme...

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Will your earnings exceed any of these amounts in 2021-22?
January 5, 2022

£100,000 - Loss of income tax personal allowance

Your income tax personal allowance - £12,570 for 2021-22 – will be reduced by £1 for every £2 your adjusted net income exceeds...

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Tax Diary January/February 2022
January 4, 2022

1 January 2022 - Due date for Corporation Tax due for the year ended 31 March 2021.

19 January 2022 - PAYE and NIC deductions due for month ended 5 January 2022. (If you pay your tax electronically the due date is 22 January...

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January is tax payment time
January 4, 2022

As you will see from the tax diary notes this month, there are two significant tax payment deadlines this month.

  • 1 January 2022 – Companies with a 31 March 2021 year end date will need to settle their Corporation Tax...

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Time to dust-off those online shop plans?
January 4, 2022

Do you have half-completed plans to open an online-shop this year?

Even if you have never considered internet trading, could this be an option for 2022?

Business owners

If you are selling goods, creating...

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Lockdown survival tactics
January 4, 2022

We have listed below a number of ideas that might ease your progress through any continuing COVID-19 related disruption during 2022.

The following comments are not advice. Every business is different so please call if you have concerns...

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Facing 2022
January 4, 2022

We are now two years into the COVID-19 pandemic and the virus is showing a remarkable ability to adapt. In its latest form, the Omicron variant, it is proving to be more transmissible and successful at seeking out new hosts.

If we have...

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Be prepared for change in 2022
December 22, 2021

We are all ‘up to here’ in accommodating COVID-19, and depending on our tolerance levels, this is likely to continue into 2022.

There are remote signs that a combination of vaccines and/or anti-viral drugs will eventually...

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