Don’t miss out on this tax allowance
14th October 2021 Posted by - Alexander Accountancy
If you are entitled to the marriage allowance and have not yet applied, then you could receive a payment of up to £1,220 from HMRC. The marriage
Monthly Archives: October 2021
What goods are eligible for the margin scheme?
22nd October 2021 Posted by - Alexander Accountancy
There are a few VAT margin schemes. The margin schemes work by allowing qualifying businesses to account for VAT on their profit margin i.e., on the
Tax and termination payments
14th October 2021 Posted by - Alexander Accountancy
The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax and secondary National Insurance contributions (employer (NICs)) by making an […]
Reporting grants received to HMRC
12th October 2021 Posted by - Alexander Accountancy
Most COVID support grants are treated as taxable income in the same way as other taxable receipts and need to be reported to HMRC. The grants are
Hospitality trades temporary reduction in VAT has expired
11th October 2021 Posted by - Alexander Accountancy
The temporary reduced rate of 5% for hospitality, holiday accommodation and attractions that came into effect in July 2020 ended on 30 September
Raising capital using the EIS
13th October 2021 Posted by - Alexander Accountancy
The Enterprise Investment Scheme (EIS) has been designed to increase investment in the early development of high potential growth businesses.
Make the most of tax-free trivial benefits
8th October 2021 Posted by - Alexander Accountancy
The trivial benefits in kind (BiK) exemption applies to small non-cash benefits, for example a bottle of wine or a bouquet of flowers, given occasionally to employees. Although the benefit is […]
Completing a One Stop Shop VAT return
6th October 2021 Posted by - Alexander Accountancy
HMRC’s guidance on how to complete and submit a One Stop Shop (OSS) VAT Return from 1 October 2021 has been updated. The special VAT return should only be completed […]
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