Accountancy News & Resources

HMRC’s new penalty regime

19th April 2021 Posted by - Alexander Accountancy

HMRC’s new points-based penalty regime for late submission and payment will start from 1 April 2022. The changes will apply in the first instance to

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Repaying overclaimed SEISS grants

20th April 2021 Posted by - Alexander Accountancy

Self-employed individuals (including partnerships) who have overclaimed the Self Employed Income Support Scheme (SEISS) must pay back the overpayment

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Self assessment specialists Burton on Trent - Alexander Accountancy

Claims to reduce payments on account

15th April 2021 Posted by - Alexander Accountancy

Self-Assessment taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first two payments are due on 31 January during the tax year and […]

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Exempt beneficial loans

14th April 2021 Posted by - Alexander Accountancy

An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference between the

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National Minimum and Living Wage increases 1 April 2021

8th April 2021 Posted by - Alexander Accountancy

The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1 April 2021. The new rate for the NLW is £8.91 which is

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Companies can claim super-deduction from 1 April

13th April 2021 Posted by - Alexander Accountancy

The new super-deduction tax break, that will allow companies to deduct 130% of the cost of any qualifying investment from their taxable profits, is

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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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