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Tax Tips and News

  • Latest news round up

    Newsletter issue - June 2021 Finance Bill amendments Following the Budget in early March, the current Finance Bill was published on 11 March 2021. Since that date, a number of amendments have been made. Of the most significant, the following stand out in particular. A clause in Schedule 2 that explicitly included FHLs in the…Read More

  • Non-resident SDLT surcharge now in effect

    Newsletter issue - June 2021 Since 1 April 2021, any non-UK resident purchasing UK residential property is liable to a 2% surcharge where the property is located in England or Northern Ireland, and cost more than £40,000. This applies to both individuals and companies. The definition of "non-UK resident" for the purposes of the surcharge…Read More

  • Gift aid problems

    Newsletter issue - June 2021Most people give to charity in one form or another at some point. This could be by donating unwanted clothes, books, and so on to the local charity shop. There can also be a donation via a site like Just Giving, or there may be ongoing payments by direct debit -…Read More

  • VAT group registration

    Newsletter issue - June 2021 Reference is usually made to a VAT-registered business. However, this is not quite correct as it is the person, either real or legal, that is actually registered. For example, where sole trader has a number of different business activities it is not possible to register them separately. Is the sole…Read More

  • June Questions and Answers

    Newsletter issue - June 2021 Q. I've been going over some old tax returns to try to track down some capital losses. However, whilst doing this I've noticed that I missed including my considerable pension contributions off the 2018/19 return. From what I can see online, I've just missed the deadline to amend it. Is…Read More

  • June Key tax dates

    Newsletter issue - June 2021 1 - Due date for payment of Corporation Tax for accounting periods ending 31 August 2020 7 - Electronic VAT return and payment due for quarter ended 30 April 2021 14 - Claim deadline for employers for furlough days in May. 19/22 - PAYE/NIC, student loan and CIS deductions due…Read More

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