Date posted: 9th Aug 2021
VAT registered business making taxable supplies above the £85,000 registration threshold have been complying with Making Tax Digital (MTD) since April 2019. All VAT registered businesses, regardless of…
Date posted: 9th Aug 2021
Since 6 April 2021 large and medium-sized organisations have had to determine whether or not a worker supplying their services via their own personal service company would be…
Date posted: 9th Aug 2021
The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. HMRC will contact those traders that may be eligible…
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: 23rd Jul 2021
The Academies Trust Handbook (formerly the Academies Financial Handbook) was released in June 2021. The renaming of the handbook reflects the gradual widening of the scope of the…
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…
