News

Tax Diary August/September 2021

21/07/2021

1 August 2021 - Due date for Corporation Tax due for the year ended 31 October 2020. 19 August 2021

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Reforming statutory sick pay

20/07/2021

Following its summer 2019 consultation entitled “Health is everyone’s business: proposals for

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SEISS – more red tape

26/07/2021

Government support to the self-employed through the Self-Employment Income Support Scheme (SEISS) is

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Tax-free gains on gifts to spouse or charity

26/07/2021

In most cases, there is no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse

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Who pays Inheritance Tax?

26/07/2021

Inheritance Tax (IHT) is commonly collected on a person’s estate when they die but can also be

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Turnover defined for 5th SEISS grant

26/07/2021

HMRC has published new guidance to help the self-employed calculate their turnover for making a

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Who counts as CIS contractor or sub-contractor?

26/07/2021

The Construction Industry Scheme (CIS) is a set of special rules that affect tax and National

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Continuous employment defined

26/07/2021

When a new employee is added to the payroll it is the employers' responsibility to ensure they meet

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National Minimum Wage reminder for summer staff

18/07/2021

We would like to remind any students and seasonal staff that work part time, for example in a summer

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Inheritance Tax Business Relief

18/07/2021

There are a number of reliefs available that can reduce liability to IHT if you inherit the estate

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Tax if you divorce or separate

18/07/2021

If you are a couple that is getting separated or divorced, apart from the emotional stress, there

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Income excluded from a property business

18/07/2021

HMRC publishes a list of income streams that are excluded from a UK property business. The list

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Rent-a-room: letting as office accommodation

18/07/2021

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in

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Taxis: what is liable to VAT

18/07/2021

HMRC sets out specific guidance regarding the application of VAT if you are in the taxi and private

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Updated working safely guidance to apply from 19 July 2021

13/07/2021

With England having moved to step 4 of the roadmap out of lockdown from 19 July 2021, the government

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New COVID-19 vaccination guidance for employers

11/07/2021

Public Health England has published a new guide for employers on COVID-19 vaccination. The guide

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Card security update

18/07/2021

VISA have issued information regarding changes to card processing security from September 2021. The

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Stage 4 COVID roadmap implemented 19th July

11/07/2021

The Prime Minister, Boris Johnson, spoke to the nation and confirmed that the vaccines have

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VAT – what you can and cannot reclaim

11/07/2021

For most fully taxable businesses, VAT can be reclaimed on goods and services used in the business.

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Current Capital Gains Tax rates

11/07/2021

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most

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OTS – making better use of third party data

11/07/2021

The Office of Tax Simplification (OTS) was established in July 2010, to provide advice to the

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Associated company rules

11/07/2021

As announced in the Budget earlier this year there will be two rates of Corporation Tax from 1 April

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IHT – settled and excluded property

11/07/2021

A trust is an obligation that binds a trustee, an individual or a company, to deal with the assets

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Tax credits renewal deadline reminder

5/07/2021

The 31 July 2021 is the reporting deadline for families and individuals that receive tax credits. By

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