Accountum | News

New warnings from HMRC re tax fraudsters

22/11/2021

Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January 2022

Teesside Freeport open for business

22/11/2021

The first of the English Freeports, Teesside, opened operations on 19 November 2021, and is expected

What is a tax calculation?

22/11/2021

A tax calculation is created by HMRC if you have not paid the right amount of tax. HMRC’s annual

Structures and Buildings Allowance qualifying expenditure

22/11/2021

The Structures and Buildings Allowances (SBA) facilitates tax relief for qualifying capital

CGT Roll-over Relief

22/11/2021

Business Asset Roll-over Relief is a valuable relief that allows the deferral of Capital Gains Tax

IHT and domicile

22/11/2021

Domicile is a general legal concept which in basic terms is taken to mean the country where you

Tax Diary December 2021/January 2022

15/11/2021

1 December 2021 - Due date for Corporation Tax payable for the year ended 28 February 2021. 19

Mandatory vaccination for frontline health and social care worker

8/11/2021

The government has published its response to its consultation on making COVID-19 vaccination a

A reminder of trivial benefit rules

15/11/2021

We wanted to remind readers of the trivial benefits in kind (BiK) rules. The BiK exemption applies

Business gifts

15/11/2021

The rules for deciding whether a gift given in the course of business is deductible are complex. The

Self-Assessment countdown

15/11/2021

There are now less than two months to file your 2020-21 Self-Assessment tax return. Last year over

Appealing to the First-tier Tribunal (Tax)

15/11/2021

There are a number of different options open to taxpayers that disagree with a tax decision issued

If clients ask – trading hours for retailers

15/11/2021

There are special rules that govern the trading hours that certain retailers must follow on a

VAT and business gifts

15/11/2021

In general, VAT does not have to be accounted for on business gifts to the same person as long as

Vehicles exempt from Vehicle Excise Duty

8/11/2021

Vehicle Excise Duty (VED), also commonly referred to as vehicle tax, is an annual tax levied on

Vehicles eligible for a plug-in grant

8/11/2021

The low-emission vehicles plug-in grant can help you save up to £2,500 on the purchase price of new

Reporting COVID support scheme grants to HMRC

8/11/2021

Most COVID support scheme grants are treated as taxable income in the same way as other taxable

What can be transferred between group members?

8/11/2021

Corporation Tax relief may be available when a company or organisation makes a trading loss.

Tax treatment of incentive scheme awards

8/11/2021

Some companies use incentive award schemes to encourage their employees in various ways. For

VAT business test

8/11/2021

There are a number of conditions that must be satisfied in order for an activity to be within the

Improvements to the apprenticeship system

26/10/2021

As part of the Autumn Budget and Spending Review 2021, the government has confirmed that it will

Self-employed basis period reforms

1/11/2021

The government announced back in September that the introduction of Making Tax Digital (MTD) for

More time to pay Capital Gains Tax

1/11/2021

The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential

Vehicle benefit charges from April 2022

1/11/2021

The vehicle benefit charges were updated following the Chancellor's Budget speech. Where employees