News

Tax Diary December 2020/January 2021

22/11/2020

1 December 2020 - Due date for Corporation Tax payable for the year ended 28 February 2020. 19

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Reasonable excuses for making a late furlough claim

24/11/2020

HMRC’s guidance on making claims through the Coronavirus Job Retention Scheme was updated on 19

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Beware tax deadline scammers

24/11/2020

Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January deadline

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Register for Northern Ireland Trader Support Service

24/11/2020

The Northern Ireland Trader Support Service was launched on 28 September 2020 to support businesses

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MTD for Corporation Tax consultation

24/11/2020

HMRC has issued a new consultation to examine how the principles established for Making Tax Digital

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Proposed changes to CIS abuse rules

24/11/2020

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

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Deciding length of CJRS claim period

24/11/2020

The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme was due to come to

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Spending Review 2021/22

24/11/2020

The Chancellor, Rishi Sunak delivered the government's spending plans for the coming year to

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Why compound interest is important

24/11/2020

Many of us are building a pension fund, a portfolio of shares or deposits with our bank or building

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Immigration Act receives Royal Assent

10/11/2020

The Immigration and Social Security Co-ordination (EU Withdrawal) Act 2020 received Royal Assent on

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Email to replace Companies House postal reminders

17/11/2020

Companies House has issued a press release to remind all companies to sign up for email reminders

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Claiming the Self-Employed Income Support for first time?

17/11/2020

The Government has confirmed that the Self-Employed Income Support Scheme (SEISS) grant extension

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Bounce Back loans still available

17/11/2020

The Bounce Back Loans scheme was launched in May 2020 to provide financial support to businesses

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£1 million Annual Investment Allowance extended

17/11/2020

In a welcome move, the government has announced that the temporary Annual Investment Allowance (AIA)

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Benefit conditions – annual parties and events

17/11/2020

Now is usually the time that businesses are planning Christmas parties for staff as well as possibly

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Benefit conditions – Trivial benefits

17/11/2020

The trivial benefits in kind (BiK) exemption applies to small non-cash benefits like a bottle of

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Businesses within the scope of VAT in the UK

17/11/2020

The VAT system is policed by HMRC who can and do levy penalties for breaches of the

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HM Treasury instructions re CJRS

17/11/2020

An updated Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the

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Scottish Budget 2021

17/11/2020

Scotland’s Finance Secretary, Kate Forbes, has announced that the Scottish Government’s Budget will

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Do you need a customs agent?

17/11/2020

If your business acquires goods or sells goods to the EU, and you have no import/export trade with

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Those who shout loudest

17/11/2020

Many of the business disruption grants that have become available in the last few weeks are being

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Coding out debts deadline

10/11/2020

The coding threshold entitles tax payers to have tax underpayments collected via a tax code,

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Protection for landlords and tenants

10/11/2020

The government guidance for landlords and tenants as a result of the coronavirus pandemic has been

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Further support for mortgage borrowers

10/11/2020

The Financial Conduct Authority (FCA) has announced new proposals to ensure that lenders provide

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