Yearly Archives: 2021


P11d forms issues

Event date: 1st Jan 1970

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…

P11d forms issues
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Making Tax Digital Extended ...

Event date: 1st Jan 1970

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…

Making Tax Digital Extended to More Businesses
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P11D Reporting benefits for ...

Event date: 1st Jan 1970

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…

P11D Reporting benefits for 2020/21
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EMI schemes – HMRC require y...

Event date: 1st Jan 1970

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…

EMI schemes – HMRC require your help!
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Capital gains tax – 30 day r...

Event date: 1st Jan 1970

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…

Capital gains tax – 30 day reporting
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HMRC delaying tax refunds

Event date: 1st Jan 1970

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,…

HMRC delaying tax refunds
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Daily penalties have started...

Event date: 1st Jan 1970

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….

Daily penalties have started!
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New tax year, same scams….

Event date: 1st Jan 1970

The new tax year has prompted the usual scam texts about claiming tax refunds and calls about being arrested for unpaid taxes. As always, our advice is to…

New tax year, same scams….
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New Enhanced Loss Relief Rul...

Event date: 1st Jan 1970

In the March Budget it was announced that the normal one year carry back for trading losses would be extended to three years. This means that many businesses…

New Enhanced Loss Relief Rules May Result in Extra tax Refunds
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