Monthly Archives: September 2021

Using your Personal tax accounts

15th September 2021 Posted by - Alexander Accountancy

HMRC’s Personal tax accounts (PTAs) were launched in 2015. The service works as an online resource to allow taxpayers to review and update their

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Deadline for notifying an option to tax (VAT) land and buildings

14th September 2021 Posted by - Alexander Accountancy

There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and buildings (known as the

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Tax treatment of incentive award schemes

8th September 2021 Posted by - Alexander Accountancy

Companies use incentive award schemes to encourage their employees in various ways. For example, to sell more of their own goods and services. The

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How to deal with tax appeals

9th September 2021 Posted by - Alexander Accountancy

There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. It is important to note that not all decisions by

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Tax relief on charitable donations

10th September 2021 Posted by - Alexander Accountancy

If you are a higher rate or additional rate taxpayer, you are eligible to claim relief on the difference between the basic rate and your highest rate

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Claiming CGT Gift Hold-Over relief

6th September 2021 Posted by - Alexander Accountancy

Gift Hold-Over Relief is effectively a deferral of Capital Gains Tax (CGT) when assets are given away (including certain shares) or sold for less than

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Corporation Tax loss buying

3rd September 2021 Posted by - Alexander Accountancy

Under qualifying circumstances, Corporation Tax (CT) relief is available where a company makes a trading loss. The trading loss can be used to claim CT relief by offsetting the loss […]

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VAT capital goods scheme overview

2nd September 2021 Posted by - Alexander Accountancy

The VAT Capital Goods Scheme (CGS) is a means of adjusting the initial VAT recovery in respect of certain assets over either 5 or 10 years. The scheme seeks to […]

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