Date posted: 7th Jul 2021
The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. The eligibility criteria remain broadly the same as the…
Date posted: 7th Jul 2021
Pension contributions to approved pension funds on behalf of employees and directors continue to be a tax-free benefit provided the annual input limit is not breached. The contributions…
Date posted: 7th Jul 2021
There could be a rise in the number of divorces, following recent announcement that the Divorce, Dissolution and Separation Act 2020 will come into force in April 2022….
Date posted: 3rd Jun 2021
A recent case before the tax tribunal has confirmed that all of a company’s shares are ordinary shares except those that carry a fixed rate of return. This…
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…
