Company Loss Relief an be Filled Early
Date posted: 9th Aug 2021
Where a company makes a trading loss of no more than £200,000 in an accounting period it is now possible to claim relief for that loss even though…
Date posted: 9th Aug 2021
Where a company makes a trading loss of no more than £200,000 in an accounting period it is now possible to claim relief for that loss even though…
Date posted: 9th Aug 2021
Back in 2017, HMRC launched the Trust Registration Service (TRS). Broadly, at that time any existing trust liable to pay tax was required to register with HMRC giving…
Date posted: 21st Jul 2021
Following an almost 18 month period during which it has taken limited action to collect overdue tax payments, HMRC has announced that it is restarting its debt collection…
Date posted: 7th Jul 2021
A limited liability partnership (LLP) is not a partnership but a body corporate with a difference – there are no shareholders or guarantors (as there would be for a company…
Date posted: 7th Jul 2021
It was announced at the 2021 Budget, that the corporate tax rate would rise from 19% to 25% from April 2023. Considering that corporate tax was meant to…
Date posted: 7th Jul 2021
For personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract any further funds needed in the form…
Date posted: 7th Jul 2021
For the month of July the CJRS Furlough grant support from the government via HMRC reduces to 70% of the employee’s usual pay for hours not worked. This…
Date posted: 7th Jul 2021
The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. The eligibility criteria remain broadly the same as the…
Date posted: 7th Jul 2021
Pension contributions to approved pension funds on behalf of employees and directors continue to be a tax-free benefit provided the annual input limit is not breached. The contributions…
Date posted: 7th Jul 2021
There could be a rise in the number of divorces, following recent announcement that the Divorce, Dissolution and Separation Act 2020 will come into force in April 2022….
