Tax News

Planning the Christmas party – make sure you don’t trip over tax liabilities!

Planning the Christmas party – make sure you don’t trip over tax liabilities!

Date posted: 4th Nov 2021

Last year, the Covid-19 pandemic and national lockdown took Christmas parties (other than virtual ones) off the agenda. This year, there may be a temptation to make up…

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Missed the 31 October 2021 deadline – do not fear, we can help!

Missed the 31 October 2021 deadline – do not fear, we can help!

Date posted: 4th Nov 2021

The deadline for the submission of a Tax Return to HMRC, on paper, lapsed on 31 October 2021. However, as we use bespoke software to electronically file Tax…

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SEISS grants – don’t forget that they are taxable! But were you eligible?

SEISS grants – don’t forget that they are taxable! But were you eligible?

Date posted: 4th Nov 2021

The self employed income support scheme (SEISS) grants were made available by HMRC last year, as a result of the lockdowns imposed under the COVID-19 legislation which meant…

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Dividends – how are they taxed?

Dividends – how are they taxed?

Date posted: 4th Nov 2021

Dividends have their own tax rules and their own rates of tax. The rules and the rates apply in the same way regardless of whether the dividends are…

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Payments on account – what are they?

Payments on account – what are they?

Date posted: 4th Nov 2021

Many clients will baulk at the fact that they will need to pay payments on account or advanced instalments, as it can seem, particularly in the first year…

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MTD for income tax postponed to 2024/25

MTD for income tax postponed to 2024/25

Date posted: 11th Oct 2021

The planned digital tax revolution has been postponed for the time being. The government, having listened to stakeholder feedback from businesses and the accounting profession, announced that they…

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1.25% increase in NIC’s and tax dividends to fund health and social care

1.25% increase in NIC’s and tax dividends to fund health and social care

Date posted: 5th Oct 2021

In case you missed our last update, the Prime Minister announced on 7 September that the government will introduce a new 1.25% Levy to provide an extra £12…

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Government support coming to an end. Is it time to finally consider that R&D claim?

Government support coming to an end. Is it time to finally consider that R&D claim?

Date posted: 5th Oct 2021

As we enter Autumn, we can look forward to mowing the lawn less frequently and the dark winter nights that are heading our way. However, for many businesses,…

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Are you missing out on the super deduction?

Are you missing out on the super deduction?

Date posted: 5th Oct 2021

The super deduction is intended to give tax relief at an enhanced rate for expenditure on brand-new capital items such as plant and machinery, vans, trucks etc. However,…

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Renewing a licence – make sure you are registered with HMRC!

Renewing a licence – make sure you are registered with HMRC!

Date posted: 5th Oct 2021

From April 2022, those renewing licences to drive taxis and private hire vehicles, to operate a private hire vehicle business or to deal in scrap metals, will only…

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