July 20, 2021
The tax office is now open for claims from employees that have incurred work-related costs for the year to 5 April 2021 and have not been – and will not be – reimbursed by their employers.
How to make a claim –...
Read More...July 15, 2021
Inflation is a measure of how much the value of currency depreciates each year. For example, if prices for a loaf of bread rise by 3% in a year, you would have to earn that extra 3% to continue to purchase bread, so your extra earnings would...
Read More...July 13, 2021
Next week, many of the present lockdown regulations in England are being relaxed. But cautionary guidance has also been published. It recommends:
- Meeting in well-ventilated areas where possible, such as outdoors or indoors with... Read More...
July 8, 2021
One of the largest fixed costs associated with business premises are rates payments to local authorities.
The present system for reviewing rates in England is somewhat antiquated, the last review in England was 2017.
The...
Read More...July 6, 2021
Employers will need to start contributing to work not done by furloughed employees from 1 July 2021.
The update from HMRC is reproduced below:
From 1 July 2021, the level of grant will be reduced, and you will be asked to...
Read More...July 1, 2021
1 July 2021 - Due date for Corporation Tax due for the year ended 30 September 2020.
6 July 2021 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.
19 July 2021 - Pay Class 1A...
Read More...July 1, 2021
You must declare goods that you take with you to sell outside the UK - for example if they are in your baggage or in a private vehicle.
There is a different process if you take goods abroad temporarily (for example samples for a trade...
Read More...July 1, 2021
Tax credits applicants should be vigilant and alert to potential scams, HMRC has warned.
In the 12 months to 30 April 2021, HMRC responded to more than 1,154,300 referrals of suspicious contact from the public. More than 576,960 of...
Read More...July 1, 2021
If an individual dies and for whatever reason executors or the Treasury Solicitor’s department are unable to track down beneficiaries, the unclaimed estate falls under the care of the Bona Vacantia and Government Legal...
Read More...July 1, 2021
Release from social distancing restrictions, in England, is deferred until 19 July 2021, which for most of us, means no change up to that date. We are still required to work from home when we can and maintain the other Step 3 social distancing...
Read More...Latest News
- Making use of under-utilised resources - August 5, 2021
- New reforms to protect consumers hard-earned cash - August 4, 2021
- Tax Diary August/September 2021 - August 3, 2021
- Tax-free property and trading income - August 3, 2021
- Sponsoring a charity - August 3, 2021
- Business entertaining and tax relief - August 3, 2021
- VAT – Second-hand cars – using the Margin Scheme - August 3, 2021
- The furlough cliff edge - July 29, 2021
