19/11/19 PAYE & NIC deductions, and CIS return and tax, for month to 5/11/19 (due 22/11 if you pay electronically) 1/12/19 Corporation tax for year to 28/02/2019 unless quarterly instalments apply 19/12/19 PAYE & NIC deductions, and CIS return and tax, for month to 5/12/19 (due 22/12 if you pay electronically) 30/12/19 Deadline for […]
In a recent Tax Tribunal case the judge agreed with HMRC that a detailed breakdown of directors loan account transactions is required, including dates. The significance is that where the loan account is overdrawn (debit balance) there may be a possible P11d benefit on the director and also a tax charge on the company. A […]
As mentioned in the Capital Allowances for Equipment in a Dwelling House article, furnished holiday lettings businesses are eligible for capital allowances on equipment in the property. Where the business incurs finance costs such as mortgage interest the restriction that applies to other residential property businesses does not apply to furnished holiday lettings. It should […]
As a general rule, there are no capital allowances available for expenditure on plant and machinery in a dwelling house. In a recent Tax Tribunal case it was decided that only equipment installed in the “common parts” of a dwelling house qualifies for tax relief. This would typically comprise a common entrance lobby, corridors, stairs […]
£16m in new government funding is now available to help businesses train staff in making customs declarations, and to help businesses who support others who trade goods to invest in IT. This will ensure that trade with the EU continues as smoothly as possible after Brexit. Grants can be used to support: training costs for […]
For VAT periods starting on or after 1 April 2020 (or 1 October 2020 for deferred businesses) your accounting systems must use digital links for any transfer or exchange of data between software programs, products or applications used as functional compatible software. That is the end of the current 12 month “soft landing” extension. Businesses […]
The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends. For many taxpayers that means more tax to pay on dividends on 31 January each year. If you are a higher rate taxpayer and received […]
The government has announced that there will be a zero P11d benefit for the drivers of electric cars from 2020/21. This is instead of the 2% scale charge that was originally included in Finance Act 2017 to apply for 2020/21. The legislation for the change will be included in Finance Bill 2020 and it is […]
We are currently upgrading our client portal, and will very shortly be moving over to a new cloud based product called CCH OneClick. CCH OneClick is all about connectivity, bringing our practice even closer to our clients. It will enable us to securely exchange messages, files and information online. Further information will be sent to clients […]
We have a great opportunity to join our team as an Office Administrator to start immediately. The role is a varied and rewarding one, and will include a mixture of reception duties, premises management and document compliance, alongside ad-hoc projects and general secretarial support to the team. Experience required You will ideally have had at […]
