P11D Reporting benefits for 2020/21
Date posted: 12th May 2021
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…
Date posted: 12th May 2021
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…
Date posted: 12th May 2021
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…
Date posted: 12th May 2021
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…
Date posted: 12th May 2021
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,…
Date posted: 12th May 2021
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….
Date posted: 12th May 2021
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…
Date posted: 6th Apr 2021
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…
Date posted: 6th Apr 2021
In short, yes. However, the timing of the taxation of grants such as the self-employment income support scheme (SEISS) grants may be a little odd. The grants are…
Date posted: 22nd Mar 2021
As discussed in prior years, we are now entering the annual reporting period for this Annual Tax on Enveloped Dwellings (“ATED”) charge which has a tax, and reporting,…
Date posted: 8th Mar 2021
In normal circumstances, individuals have up to four years to correct errors that result in an overpayment of tax. So 5 April 2021 is the deadline to claim…
