Tax e-News November 2021

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

In this month’s newsletter:

BUDGET AND SPENDING REVIEW
NATIONAL LIVING WAGE INCREASED TO £9.50 AN HOUR
NO CHANGES TO INCOME TAX RATES AND PERSONAL ALLOWANCE FROZEN
SOME NATIONAL INSURANCE THRESHOLDS ARE CHANGING
“TEMPORARY” £1 MILLION ANNUAL INVESTMENT ALLOWANCE EXTENDED
BUSINESS RATES TO BE MADE “FAIRER” AND 50% DISCOUNT FOR THE RETAIL AND HOSPITALITY SECTOR
CHANGES TO R&D TAX RELIEF
GROUP RELIEF FOR EUROPEAN COMPANY LOSSES TO END
CULTURAL TAX RELIEFS DOUBLED
NEW RESIDENTIAL DEVELOPER TAX
MORE TIME TO REPORT AND PAY CGT ON RESIDENTIAL PROPERTY DISPOSAL
PENSION TAX RELIEF UNCHANGED
INDIVIDUAL SAVINGS ACCOUNT LIMITS FROZEN AGAIN
DIARY OF MAIN TAX EVENTS – NOVEMBER/DECEMBER 2021

Tax e-News September 2021

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

In this month’s newsletter:

SEPTEMBER IS THE LAST MONTH FOR CJRS “FURLOUGH” GRANTS
DEALING WITH REDUNDANCIES CORRECTLY
5% RATE ON TOURISM AND HOSPITALITY ENDS 30 SEPTEMBER
BIG TAX BILLS FOR THE SELF-EMPLOYED IN 2022/23
ACCOUNTING FOR IMPORT VAT ON YOUR VAT RETURN
NOTIFY OPTION TO TAX LAND AND BUILDINGS WITHIN 30 DAYS
DIARY OF MAIN TAX EVENTS
SEPTEMBER / OCTOBER 2021

Tax e-News August 2021

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

In this month’s newsletter:

COMPANY LOSS RELIEF CAN BE CLAIMED EARLY
GUIDANCE ON SEISS TURNOVER TEST ISSUED BY HMRC
OFF-PAYROLL WORKING, WILL HMRC ACCEPT CEST RESULT?
MTD COMING SOON FOR INCOME TAX
INFORMATION IN QUARTERLY MTD FOR INCOME TAX REPORTS
TIMING OF MTD FOR INCOME TAX REPORTS
ABOLITION OF BASIS PERIODS AND NEW TAX YEAR END?
DIARY OF MAIN TAX EVENTS AUGUST / SEPTEMBER 2021

Tax e-News June/July 2021

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

In this month’s newsletter:

BEWARE MINI-UMBRELLA COMPANY FRAUD
CAR BENEFIT REDUCED WHERE UNAVAILABLE
REIMBURSE PRIVATE FUEL BY 6 JULY TO AVOID FUEL BENEFIT
ADVISORY FUEL RATE FOR COMPANY CARS
NOT ALL BENEFITS NEED TO BE REPORTED ON FORM P11D
CHECK THAT YOUR SHARES QUALIFY FOR CGT BUSINESS ASSET DISPOSAL RELIEF
DIARY OF MAIN TAX EVENTS -JUNE/JULY 2021
BEWARE MINI-UMBRELLA COMPANY FRAUD
CAR BENEFIT REDUCED WHERE UNAVAILABLE
REIMBURSE PRIVATE FUEL BY 6 JULY TO AVOID FUEL BENEFIT
ADVISORY FUEL RATE FOR COMPANY CARS
NOT ALL BENEFITS NEED TO BE REPORTED ON FORM P11D
CHECK THAT YOUR SHARES QUALIFY FOR CGT BUSINESS ASSET DISPOSAL RELIEF
FURLOUGH GRANT REDUCES TO 70% FOR JULY
CORRECTING ERRORS IN EARLIER FURLOUGH CLAIMS
FIFTH SELF-EMPLOYED INCOME SUPPORT GRANT TO BE PAID IN JULY
PLEASE LET US HAVE DETAILS OF YOUR SEISS GRANTS FOR YOUR 2020/21 TAX RETURN
TAX FREE CHILDCARE ACCOUNT SUBSIDISES SUMMER CAMP COSTS
PENSION CONTRIBUTION IS TAX EFFICIENT FOR BOTH EMPLOYEE AND EMPLOYER
HMRC WARNING NOT TO USE UNFUNDED PENSION ARRANGEMENTS DIARY OF MAIN TAX EVENTS JULY/ AUGUST 2021

Tax e-News March 2021

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the […]

Tax e-News October 2020

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the […]

Tax e-News September 2020

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the […]

Tax e-News June 2020

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the […]