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For VAT periods starting on and after 1 April 2022 all VAT records must be recorded digitally and returns must be submitted under the Making Tax Digital (MTD) regime
Filing VAT returns using making tax digital (MTD)-compatible softwarewill be compulsory for all VAT registered traders for periods beginning on or after 1 April 2022 unless HMRC agrees that the taxpayer is exempt.
Autumn Budget 2021
along with the other national minimum wage rates (see table). Since 6.4.21 the NLW rate has applied to
workers aged 23 and over.
BUSINESS RATES ON EMPTY PROPERTIES
The Chancellor announced that taxes would have to rise, but not
quite yet, as all tax rates except for VAT are frozen for 2021-22
Whether your business buys a car or a van can make a big difference to the tax relief given on the cost of the vehicle and to the tax payable by the driver who uses it for private journey
COVID-19 you may be eligible to claim a grant from HMRC of up to £7,500
TAX BRIEFING – BUDGET
Stamp duty land tax (SDLT) is payable on the purchase of property in England and Northern Ireland; Scotland and Wales levy their own taxes for property purchases in those countries
If you are planning to sell a residential property this year be prepared to pay any capital gains tax (CGT) due within 30 days of the completion date.If you bought your home brand new and 'off-plan' you may realise a significant capital gain when you sell that property.
CGT has normally been payable by 31 January after the end of the tax year in which the contracts are exchanged but for residential sales exchanged on or after 6 April 2020 any CGT due will be payable within 30 days of the completion date.
If you bought your home brand new and ‘off-plan’ you may realise a significant capital gain when you sell that property.
TRADING AND MISCELLANEOUS INCOME
Paying the right NIC
Gains from off-plan purchases
Autumn Budget 2018
Entrepreneurs’ relief curtailed
MTD: What, when and how
Time to choose childcare support
Paying your child from the business
Simple assessments have arrived
Autumn Budget 2017
Diesel bad, electric goodish
Diesel cars tend to have lower CO2 emissions than petrol-powered vehicles of a similar engine size. However, diesels also emit more harmful particles, so a diesel supplement is added to the percentage of list price to increase the taxable benefit of using a diesel company car.