VAT Margin Scheme bad debt relief
28th October 2021 Posted by - Alexander Accountancy
The VAT bad debt relief rules allow businesses to claim bad debt relief and reclaim the VAT they have paid to HMRC. This can happen when an invoice
Accountancy News & Resources
Self-Assessment filing deadlines
25th October 2021 Posted by - Alexander Accountancy
The 2020-21 tax return deadline for submitting your paper Self-Assessment returns is 31 October 2021. The tax deadline for submitting online returns
Getting prepared to use Freeport customs sites
20th October 2021 Posted by - Alexander Accountancy
In the Spring Budget earlier this year, the chancellor announced that eight Freeport locations would be created in England. The Freeports will be in the East Midlands Airport, Felixstowe and […]
Have you claimed your Child Trust Fund cash?
14th October 2021 Posted by - Alexander Accountancy
Young persons who turned 18 on or after 1 September 2020 may have cash waiting in a dormant Child Trust Fund (CTF) account. This could be as much as
Letting agencies and the Money Laundering Regulations
14th October 2021 Posted by - Alexander Accountancy
HMRC is responsible for the money laundering supervision of certain businesses including letting agencies. Businesses that HMRC is responsible for
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
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 […]
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