130% tax relief for companies
16th August 2021 Posted by - Alexander Accountancy
Are you thinking of investing in new plant or other equipment? Remember that the super-deduction offering 130% first-year tax relief is available to
Monthly Archives: August 2021
Expenses you can and cannot claim against property rents
19th August 2021 Posted by - Alexander Accountancy
If you are a landlord, it is important that you are aware of expenses you can and cannot claim from your rental income. As a rule, these expenses must
Décor and plant and machinery allowances
13th August 2021 Posted by - Alexander Accountancy
Capital Allowances are the deductions that allow businesses to secure tax relief for certain capital expenditures. Capital Allowances are available to sole traders, self-employed persons, or partnerships, as well as […]
When is a company dormant for tax purposes?
9th August 2021 Posted by - Alexander Accountancy
If a company has stopped trading and has no other income then the company is usually classed as dormant for Corporation Tax purposes. A company is
VAT inclusive and exclusive prices
11th August 2021 Posted by - Alexander Accountancy
When identifying the amount of VAT charged, it is important to distinguish between VAT inclusive and VAT exclusive prices. A VAT inclusive price
Further change to SEISS 5 legislation
12th August 2021 Posted by - Alexander Accountancy
HM Treasury has published a Correction Treasury Direction made under the Coronavirus Act 2020, section 76, which modifies and extends the effect of
Who counts as CIS contractor or sub-contractor?
5th August 2021 Posted by - Alexander Accountancy
The Construction Industry Scheme (CIS) is a set of special rules that affect tax and National Insurance for those working in the construction industry. Businesses in the construction industry are known […]
Tax Diary August/September 2021
2nd August 2021 Posted by - Alexander Accountancy
1 August 2021 - Due date for Corporation Tax due for the year ended 31 October 2020. 19 August 2021 - PAYE and NIC deductions due for month ended 5
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