Draft legislation has been published to change the basis periods for the assessment of self-employed profits to coincide with the tax year. The proposed new rules provide that from 2023/24 onwards profits or losses will be apportioned to tax years where the period of account does not coincide with the tax year. This is intended to coincide with the start of Making Tax Digital for income tax.
Our very own Simon Owen is taking part in the Manchester100 on Sunday 4th September 2021 in aid of the Christie Charitable Fund. The Christie is an amazing charity that provides cancer care to cancer patients and help make a difference to families affected by cancer, this is a charity close to my heart, as Simon lost his dad to cancer, and we are sure you will have friends or family members who have been affected by this horrendous disease.
Are you considering a career in accountancy? Are you looking for a local practice who will provide you with expert on-the-job training and sponsor you
Date What’s Due 1 March 2021 Corporation tax payment for year to 31/5/20 (unless quarterly instalments apply) 15 March 2021 February Furlough claims must be
Following the UK’s departure from the EU, the government intend to establish new Freeports as a means to boost trade, jobs and investment across areas of the UK.
To encourage and support people getting onto the property ladder. The government will guarantee lenders who offer mortgages to people with a deposit of 5% on homes worth up to £600,000.
The Universal Credit uplift of £20 per week will continue for a further six months. Working Tax Credit claimants also will be provided with equivalent support for the next six months.
Businesses that deferred VAT payments last year can join the new scheme to pay it in smaller monthly instalments.
If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you can: Pay the deferred amount in full, on or before 31 March 2021; or join the VAT deferral new payment scheme – the online service opened on 23 February 2021 and is open until 21 June 2021
You or your employees may be able to claim tax relief for additional household costs if you have to work at home on a regular basis, either for all or part of the week. This includes if you have to work from home due to Coronavirus.
The Government has updated its guidance on providing apprenticeships following the changes made to the CJRS.
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