Do you have an Annual Tax on Enveloped Dwellings (ATED) return to submit by 30 April 2022 for the period 1 April 2022 to 31 March 2023? Unlike most taxes, ATED returns are submitted at the start of the year and are required even where there is no tax to pay.
As we approach the end of the 2021/22 tax year, you should review your pension contributions made since 6 April 2021 and consider whether or not you should make a further one-off personal pension contribution before 5 April 2022 to save tax and to utilise any carried-forward relief from 2018/19 which will be lost if not used by then.
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
WILL THERE BE A MINI BUDGET ON 23 MARCH?
HMRC HAVE PUT BACK TAX RETURN DEADLINE
YOU ALSO HAVE LONGER TO PAY YOUR PERSONAL TAX
NEW VAT PENALTY REGIME DELAYED TO JANUARY 2023
PLANNING TO SELL YOUR BUSINESS IN 2022?
PASSING ON YOUR BUSINESS TO THE NEXT GENERATION
WHAT ABOUT A MANAGEMENT BUY-OUT?
SALE OF COMPANY TO EMPLOYEE SHARE OWNERSHIP TRUST
COMPANY BUY BACK OF SHARES AS AN ALTERNATIVE EXIT
DIARY OF MAIN TAX EVENTS – FEBRUARY/MARCH 2022
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
NEW YEAR, NEW OPPORTUNITIES
SUMMARY OF FREEPORT TAX ADVANTAGES
130% SUPER -DEDUCTION FOR INVESTING IN NEW PLANT CONTINUES
£1 MILLION ANNUAL INVESTMENT ALLOWANCE STILL AVAILABLE
NEW YEAR TAX PLANNING IDEAS
PENSION PLANNING
TIME TO REVIEW YOUR WILL?
LOOKING TO GET YOUR TAX BILL DOWN?
DIARY OF MAIN TAX EVENTS – JANUARY/ FEBRUARY 2022
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
CHRISTMAS IS THE TIME FOR GIVING
REGULAR GIFTS OUT OF YOUR INCOME IS TAX EFFICIENT
TRUST PLANNING OPPORTUNITY STILL AVAILABLE
GIFTS TO CHARITY
LET’S HAVE A REAL CHRISTMAS PARTY THIS YEAR!
CHRISTMAS GIFTS OF UP TO £50 PER EMPLOYEE IS ALSO TAX FREE
REPORT CJRS FURLOUGH GRANTS ON CORPORATION TAX RETURNS
ADVISORY FUEL RATE FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS – DECEMBER 2021/JANUARY 2022
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
BUDGET AND SPENDING REVIEW
NATIONAL LIVING WAGE INCREASED TO £9.50 AN HOUR
NO CHANGES TO INCOME TAX RATES AND PERSONAL ALLOWANCE FROZEN
SOME NATIONAL INSURANCE THRESHOLDS ARE CHANGING
“TEMPORARY” £1 MILLION ANNUAL INVESTMENT ALLOWANCE EXTENDED
BUSINESS RATES TO BE MADE “FAIRER” AND 50% DISCOUNT FOR THE RETAIL AND HOSPITALITY SECTOR
CHANGES TO R&D TAX RELIEF
GROUP RELIEF FOR EUROPEAN COMPANY LOSSES TO END
CULTURAL TAX RELIEFS DOUBLED
NEW RESIDENTIAL DEVELOPER TAX
MORE TIME TO REPORT AND PAY CGT ON RESIDENTIAL PROPERTY DISPOSAL
PENSION TAX RELIEF UNCHANGED
INDIVIDUAL SAVINGS ACCOUNT LIMITS FROZEN AGAIN
DIARY OF MAIN TAX EVENTS – NOVEMBER/DECEMBER 2021
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
1.25% INCREASE IN NICs AND TAX ON DIVIDENDS TO FUND HEALTH AND SOCIAL CARE
DIVIDEND TAX RATES ALSO INCREASING FROM 2022/23
PLANNING ACTIONS BEFORE THE NEW RATES COMMENCE
CAPITAL ALLOWANCES ON PLANT IN RESIDENTIAL PROPERTY
MTD FOR INCOME TAX POSTPONED TO 2024/25
HMRC SUPPORT WITH CHILDCARE COSTS
ADVISORY FUEL RATE FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS OCTOBER/NOVEMBER 2021
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
SEPTEMBER IS THE LAST MONTH FOR CJRS “FURLOUGH” GRANTS
DEALING WITH REDUNDANCIES CORRECTLY
5% RATE ON TOURISM AND HOSPITALITY ENDS 30 SEPTEMBER
BIG TAX BILLS FOR THE SELF-EMPLOYED IN 2022/23
ACCOUNTING FOR IMPORT VAT ON YOUR VAT RETURN
NOTIFY OPTION TO TAX LAND AND BUILDINGS WITHIN 30 DAYS
DIARY OF MAIN TAX EVENTS
SEPTEMBER / OCTOBER 2021
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
COMPANY LOSS RELIEF CAN BE CLAIMED EARLY
GUIDANCE ON SEISS TURNOVER TEST ISSUED BY HMRC
OFF-PAYROLL WORKING, WILL HMRC ACCEPT CEST RESULT?
MTD COMING SOON FOR INCOME TAX
INFORMATION IN QUARTERLY MTD FOR INCOME TAX REPORTS
TIMING OF MTD FOR INCOME TAX REPORTS
ABOLITION OF BASIS PERIODS AND NEW TAX YEAR END?
DIARY OF MAIN TAX EVENTS AUGUST / SEPTEMBER 2021
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
BEWARE MINI-UMBRELLA COMPANY FRAUD
CAR BENEFIT REDUCED WHERE UNAVAILABLE
REIMBURSE PRIVATE FUEL BY 6 JULY TO AVOID FUEL BENEFIT
ADVISORY FUEL RATE FOR COMPANY CARS
NOT ALL BENEFITS NEED TO BE REPORTED ON FORM P11D
CHECK THAT YOUR SHARES QUALIFY FOR CGT BUSINESS ASSET DISPOSAL RELIEF
DIARY OF MAIN TAX EVENTS -JUNE/JULY 2021
BEWARE MINI-UMBRELLA COMPANY FRAUD
CAR BENEFIT REDUCED WHERE UNAVAILABLE
REIMBURSE PRIVATE FUEL BY 6 JULY TO AVOID FUEL BENEFIT
ADVISORY FUEL RATE FOR COMPANY CARS
NOT ALL BENEFITS NEED TO BE REPORTED ON FORM P11D
CHECK THAT YOUR SHARES QUALIFY FOR CGT BUSINESS ASSET DISPOSAL RELIEF
FURLOUGH GRANT REDUCES TO 70% FOR JULY
CORRECTING ERRORS IN EARLIER FURLOUGH CLAIMS
FIFTH SELF-EMPLOYED INCOME SUPPORT GRANT TO BE PAID IN JULY
PLEASE LET US HAVE DETAILS OF YOUR SEISS GRANTS FOR YOUR 2020/21 TAX RETURN
TAX FREE CHILDCARE ACCOUNT SUBSIDISES SUMMER CAMP COSTS
PENSION CONTRIBUTION IS TAX EFFICIENT FOR BOTH EMPLOYEE AND EMPLOYER
HMRC WARNING NOT TO USE UNFUNDED PENSION ARRANGEMENTS DIARY OF MAIN TAX EVENTS JULY/ AUGUST 2021