Archives

A reminder of trivial benefit rules

22nd November 2021 Posted by - Alexander Accountancy

We wanted to remind readers of the trivial benefits in kind (BiK) rules. The BiK exemption applies to small non-cash benefits like a bottle of wine, a

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Vehicles eligible for a plug-in grant

15th November 2021 Posted by - Alexander Accountancy

The low-emission vehicles plug-in grant can help you save up to £2,500 on the purchase price of new low-emission vehicles. The scheme was first

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What can be transferred between group members?

16th November 2021 Posted by - Alexander Accountancy

Corporation Tax relief may be available when a company or organisation makes a trading loss. Companies that are eligible for group relief can transfer

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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

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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

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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

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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

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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

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