Category Archives: HMRC

Landlords year end planning tips

2nd February 2021 Posted by -

A few housekeeping tips for readers with buy to let or holiday let properties to think about and action - if applicable - before the end of the

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Tax Diary February/March 2021

28th January 2021 Posted by -

1 February 2021 - Due date for Corporation Tax payable for the year ended 30 April 2020. 19 February 2021 - PAYE and NIC deductions due for month ended 5 February 2021. (If you pay your tax

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Carry a company trading loss back to previous years

3rd February 2021 Posted by -

Corporation Tax relief may be available where your company or organisation makes a trading loss. A qualifying trading loss may be used to claim relief from Corporation Tax by offsetting the loss

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No late online filing penalties until …

28th January 2021 Posted by -

HMRC has announced that fines for taxpayers that file their Self-Assessment returns late will be waived until 28 February 2021. The filing deadline for 2019-20 returns remains at 31 January 2021. HMRC

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Landlords need to embrace a digital approach

2nd February 2021 Posted by -

HMRC are slowly rolling out their Making Tax Digital (MTD) scheme. Eventually, selected landlords submitting their rental income and outgoings via self-assessment will need to embrace this new MTD

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Making good fuel provided for private motoring

2nd February 2021 Posted by -

Where an employee with a company car is provided with fuel for their own private use by their employer, the default position is that the employee is required to pay the car fuel benefit charge. The

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CGT advice selling shares - Alexander Accountancy Burton on Trent

Tax when you sell shares

21st January 2021 Posted by -

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% when you sell shares unless they are in a CGT free wrapper such as an ISA or pension. If you only pay basic rate tax and make

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Online tax payment plans

21st January 2021 Posted by -

New figures published by HMRC have revealed that some 25,000 taxpayers have set up an online payment plan to manage their tax liabilities spreading payments of £69 million for up to 12 monthly

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