Date posted: 3rd Jun 2021
When a person passes away, the value of assets in their estate are usually revalued to market value, at the date of death, for capital gains tax purposes….
Date posted: 3rd Jun 2021
It was announced at the 2021 Budget that a company with trading losses incurred in accounting periods ending between 1 April 2020 and 31 March 2022 can be…
Date posted: 3rd Jun 2021
HMRC are urging businesses to look out for the use of mini-umbrella companies (MUCs) to pay contractors supplying their labour via agencies and other intermediaries. Businesses need to…
Date posted: 3rd Jun 2021
P11d forms reporting benefits in kind provided to employees and directors need to be submitted to HMRC by 6 July 2021. We have highlighted a few key areas…
Date posted: 12th May 2021
Currently, only VAT-registered businesses making taxable supplies in excess of the £85,000 VAT registration threshold are mandated to comply with Making Tax Digital (MTD) rules. Those rules require…
Date posted: 12th May 2021
Employers who provided taxable benefits to employees during the 2020/21 tax year will need to report these to HMRC, on forms P11D by 6 July 2021. This is…
Date posted: 12th May 2021
Enterprise Management Incentive share schemes are very valuable tax advantageous share schemes for companies looking to retain key employees. However, HMRC are keen to ensure that the schemes…
Date posted: 12th May 2021
As you will be aware from our previous articles, if there is capital gains tax payable in relation to the sale of a residential property, this must be…
Date posted: 12th May 2021
This year HMRC are sending letters to some taxpayers who are due refunds, asking for additional information, to ensure that the repayment claims are genuine. It is ironic,…
Date posted: 12th May 2021
If you have not yet filed your 2019/20 Tax Return, then you will be accruing daily penalties at a rate of £10 per day from 1 May 2021….
