Reporting COVID support scheme grants to HMRC
17th November 2021 Posted by - Alexander Accountancy
Most COVID support scheme grants are treated as taxable income in the same way as other taxable receipts and need to be reported to HMRC. The grants
Monthly Archives: November 2021
VAT reverse charge and the flat rate scheme
10th November 2021 Posted by - Alexander Accountancy
There are special VAT rules for building contractors and sub-contractors that came into effect on 1 March 2021. The new rules make the supply of most
Vehicle benefit charges from April 2022
12th November 2021 Posted by - Alexander Accountancy
The vehicle benefit charges were updated following the Chancellor's Budget speech. Where employees are provided with fuel for their own private use by
Self-employed basis period reforms
8th November 2021 Posted by - Alexander Accountancy
The government announced back in September that the introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) has been delayed by
More time to pay Capital Gains Tax
7th November 2021 Posted by - Alexander Accountancy
The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential property changed with effect from 6 April 2020. This
Autumn Budget 2021 – Dividend tax rates
5th November 2021 Posted by - Alexander Accountancy
As announced on 7 September 2021, the 1.25% increase in NIC contributions from April 2022 will be mirrored by a similar increase in the tax charge on dividends. From April 2022, […]
Autumn Budget 2021 – £1 million Annual Investment Allowance
4th November 2021 Posted by - Alexander Accountancy
In the Spring Budget earlier this year, the government announced that the temporary Annual Investment Allowance (AIA) cap of £1 million would be extended until 31 December 2021. The Chancellor, […]
Autumn Budget 2021 – Minimum Wage increases
3rd November 2021 Posted by - Alexander Accountancy
The Chancellor of the Exchequer, Rishi Sunak confirmed that the government has accepted in full the proposals of the Low Pay Commission for increasing minimum wage rates from 1 April […]
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