Archives

OTS recommended changes to IHT

7th April 2021 Posted by - Alexander Accountancy

The Financial Secretary to the Treasury has written to the Office of Tax Simplification (OTS) to confirm that HM Treasury strongly supports some key

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5% late penalties apply from 1 April 2021

7th April 2021 Posted by - Alexander Accountancy

Self-Assessment taxpayers that failed to pay their outstanding tax liabilities or set up a payment plan by midnight on 1 April 2021 will be charged a

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New support for High Streets and sea-side towns

1st April 2021 Posted by - Alexander Accountancy

As lockdown measures begin to be eased, a new package of support measures to help high streets and coastal areas across England has been announced by

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Tax Diary March/April 2021

30th March 2021 Posted by - Alexander Accountancy

1 April 2021 - Due date for Corporation Tax due for the year ended 30 June 2020. 19 April 2021 - PAYE and NIC deductions due for month ended 5 April

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Consider signing up to PROOF scheme

2nd April 2021 Posted by - Alexander Accountancy

One of the services offered by Companies House helps combat fraud and protect your company from unauthorised changes to records. The free service is

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Calculating Minimum Wage if paid annual salary

31st March 2021 Posted by - Alexander Accountancy

New National Minimum Wage and National Living Wage rates will come into effect on 1 April 2021. These changes will see the National Living Wage

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Have you claimed too much from furlough scheme?

29th March 2021 Posted by - Alexander Accountancy

HMRC’s guidance makes it clear that any business that makes an error in making a Coronavirus Job Retention Scheme (CJRS) claim must pay back any

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Disposing of garden or grounds

1st April 2021 Posted by - Alexander Accountancy

In general, there is no Capital Gains Tax (CGT) on a property which has been used as a main family residence. This relief from CGT is commonly known

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