Tax e-News June 2022

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

REPORT EMPLOYEE BENEFITS ON FORM P11D BY 6 JULY
IS YOUR BUSINESS ENTITLED TO THE EMPLOYMENT ALLOWANCE?
BUYING AN ELECTRIC CAR? DOES IT NEED TO BE NEW?
SALARY SACRIFICES – GET THE TIMING RIGHT
CAPITAL GAINS TAX ON SEPARATION AND DIVORCE
ADVISORY FUEL RATE FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS JUNE/JULY 2022

Tax e-News May 2022

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

TRADING LOSSES – CARRY BACK OR CARRY FORWARD?
SUPER-DEDUCTION FOR EQUIPMENT RUNS FOR ONE MORE YEAR
CHANGES TO VAT RATES FROM 1 APRIL 2022
END OF TAX YEAR PAYROLL PROCEDURES
EMPLOYERS NICS IN RELATION TO EX-MILITARY STAFF
REIMBURSE PRIVATE FUEL FOR YOUR COMPANY CAR?
ATED RETURNS AND REVALUATIONS DUE
MAIN ATED RELIEFS
POSSIBLE CHANGES TO SDLT MULTIPLE DWELLINGS RELIEF
DIARY OF MAIN TAX EVENTS – MAY/JUNE 2022

Tax e-News April 2022

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

THE UPS AND DOWNS OF SPRING STATEMENT 2022
GIFT AID YOUR DONATIONS TO HELP UKRAINE
DIARY OF MAIN TAX EVENTS – APRIL/MAY 2022

Tax e-News March 2022

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

VAT RATES FOR HOSPITALITY SECTOR DUE TO INCREASE FROM 1 APRIL
CHANGES TO ACCOUNTING FOR VAT ON IMPORTS
PAYROLLING BENEFITS IN KIND
DON’T LOSE YOUR 2021/22 PERSONAL ALLOWANCE
CONSIDER A SALARY SACRIFICE SCHEME
MISSING OUT ON HELP WITH CHILDCARE COSTS?
BUY NEW EQUIPMENT BEFORE 6 APRIL?
ADVISORY FUEL RATE FOR COMPANY CARS
2022/23 NATIONAL INSURANCE BANDS
DIARY OF MAIN TAX EVENTS – MARCH / APRIL 2022

Personal Tax – Year End Tax Planning 2021/22

With the end of the 2021/22 tax year fast approaching, it is now the time to consider some opportunities for saving tax with some careful end of year tax planning.  This guide will provide you with tax saving tips, but not all of these will be relevant to your particular circumstances.  As always we are here to discuss anything that may be of interest to you. 

Annual Tax on Enveloped Dwellings (ATED)

Do you have an Annual Tax on Enveloped Dwellings (ATED) return to submit by 30 April 2022 for the period 1 April 2022 to 31 March 2023? Unlike most taxes, ATED returns are submitted at the start of the year and are required even where there is no tax to pay.

Personal pension contributions and the Annual Allowance Excess Charge

As we approach the end of the 2021/22 tax year, you should review your pension contributions made since 6 April 2021 and consider whether or not you should make a further one-off personal pension contribution before 5 April 2022 to save tax and to utilise any carried-forward relief from 2018/19 which will be lost if not used by then.

Tax e-News February 2022

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

WILL THERE BE A MINI BUDGET ON 23 MARCH?
HMRC HAVE PUT BACK TAX RETURN DEADLINE
YOU ALSO HAVE LONGER TO PAY YOUR PERSONAL TAX
NEW VAT PENALTY REGIME DELAYED TO JANUARY 2023
PLANNING TO SELL YOUR BUSINESS IN 2022?
PASSING ON YOUR BUSINESS TO THE NEXT GENERATION
WHAT ABOUT A MANAGEMENT BUY-OUT?
SALE OF COMPANY TO EMPLOYEE SHARE OWNERSHIP TRUST
COMPANY BUY BACK OF SHARES AS AN ALTERNATIVE EXIT
DIARY OF MAIN TAX EVENTS – FEBRUARY/MARCH 2022

Tax e-News January 2022

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

NEW YEAR, NEW OPPORTUNITIES
SUMMARY OF FREEPORT TAX ADVANTAGES
130% SUPER -DEDUCTION FOR INVESTING IN NEW PLANT CONTINUES
£1 MILLION ANNUAL INVESTMENT ALLOWANCE STILL AVAILABLE
NEW YEAR TAX PLANNING IDEAS
PENSION PLANNING
TIME TO REVIEW YOUR WILL?
LOOKING TO GET YOUR TAX BILL DOWN?
DIARY OF MAIN TAX EVENTS – JANUARY/ FEBRUARY 2022