Annual party benefits
The cost of a staff party or other annual entertainment is generally allowed as a deduction for tax purposes. If ...
Read More
Read More
Claims to reduce payments on account
Self-Assessment taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first two payments ...
Read More
Read More
Exempt beneficial loans
An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference ...
Read More
Read More
Companies can claim super-deduction from 1 April
The new super-deduction tax break, that will allow companies to deduct 130% of the cost of any qualifying investment from ...
Read More
Read More
National Minimum and Living Wage increases 1 April 2021
The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1 April 2021. The ...
Read More
Read More
Archiving international trade documents
There are important rules that all businesses must follow to keep business and accounting records accessible if requested by HMRC ...
Read More
Read More
Updating Self-Assessment tax returns
There are special rules to follow if you have submitted a Self-Assessment return and subsequently realise you need to change ...
Read More
Read More
Film and TV restart scheme
The government’s £500 million scheme to kickstart film and television production entitled the Film and TV Production Restart Scheme, helps ...
Read More
Read More
OTS recommended changes to IHT
The Financial Secretary to the Treasury has written to the Office of Tax Simplification (OTS) to confirm that HM Treasury ...
Read More
Read More
£1.5bn boost for rates relief
A new Business Rates relief fund will provide a £1.5 billion tranche of support to businesses outside the retail, hospitality, ...
Read More
Read More
New support for High Streets and sea-side towns
As lockdown measures begin to be eased, a new package of support measures to help high streets and coastal areas ...
Read More
Read More
5% late penalties apply from 1 April 2021
Self-Assessment taxpayers that failed to pay their outstanding tax liabilities or set up a payment plan by midnight on 1 ...
Read More
Read More
Tax Diary March/April 2021
1 April 2021 - Due date for Corporation Tax due for the year ended 30 June 2020. 19 April 2021 ...
Read More
Read More
Flat Rate Scheme limited cost trader check
The VAT Flat Rate Scheme has been designed to simplify the way a business accounts for VAT and in so ...
Read More
Read More
Incorporation relief
When a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to ...
Read More
Read More
Calculating Minimum Wage if paid annual salary
New National Minimum Wage and National Living Wage rates will come into effect on 1 April 2021. These changes will ...
Read More
Read More
Consider signing up to PROOF scheme
One of the services offered by Companies House helps combat fraud and protect your company from unauthorised changes to records ...
Read More
Read More
Have you claimed too much from furlough scheme?
HMRC’s guidance makes it clear that any business that makes an error in making a Coronavirus Job Retention Scheme (CJRS) ...
Read More
Read More