Accountancy News & Resources

UK Infrastructure Bank opens for business

8th July 2021 Posted by - Alexander Accountancy

The new UK Infrastructure Bank has officially opened for business. The new bank, which is headquartered in Leeds, will be tasked with accelerating

What is net income for pension relief purposes?

30th June 2021 Posted by - Alexander Accountancy

The lifetime allowance is the maximum amount of pension and/or lump sum that benefits from tax relief. The lifetime allowance is currently set at £1,073,100. The annual allowance for tax […]

VAT – what is partial exemption?

28th June 2021 Posted by - Alexander Accountancy

A business that incurs expenditure on taxable and exempt business activities is partially exempt for VAT purposes. This can happen where a business

Tax Diary July/August 2021

2nd July 2021 Posted by - Alexander Accountancy

1 July 2021 - Due date for Corporation Tax due for the year ended 30 September 2020. 6 July 2021 - Complete and submit forms P11D return of benefits

Who can use VAT retail schemes - Alexander Accountancy Burton on Trent

Who can use the VAT retail schemes?

21st June 2021 Posted by - Alexander Accountancy

VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are used by businesses that sell a significant amount of low […]