Tax Diary December 2021/January 2022

1 December 2021 - Due date for Corporation Tax payable for the year ended 28 February 2021. 19 December 2021 ...
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/ Tax Diary

VAT and business gifts

In general, VAT does not have to be accounted for on business gifts to the same person as long as the ...
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/ Value Added Tax

If clients ask – trading hours for retailers

There are special rules that govern the trading hours that certain retailers must follow on a Sunday. These rules are ...
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/ General

Appealing to the First-tier Tribunal (Tax)

There are a number of different options open to taxpayers that disagree with a tax decision issued by HMRC. Usually, ...
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/ HMRC notices

Self-Assessment countdown

There are now less than 75 days to file your 2020-21 Self-Assessment tax return. Last year over 12.5 million taxpayers ...
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/ Income Tax

Business gifts

The rules for deciding whether a gift given in the course of business is deductible are complex. The rules for ...
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/ Business

A reminder of trivial benefit rules

We wanted to remind readers of the trivial benefits in kind (BiK) rules. The BiK exemption applies to small non-cash ...
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/ Employee Benefits

VAT business test

There are a number of conditions that must be satisfied in order for an activity to be within the scope ...
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/ Value Added Tax

Tax treatment of incentive scheme awards

Some companies use incentive award schemes to encourage their employees in various ways. For example, to sell more of their ...
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/ Employee Benefits

What can be transferred between group members?

Corporation Tax relief may be available when a company or organisation makes a trading loss. Companies that are eligible for group ...
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/ Corporation Tax

Reporting COVID support scheme grants to HMRC

Most COVID support scheme grants are treated as taxable income in the same way as other taxable receipts and need ...
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/ Business Support

Vehicles eligible for a plug-in grant

The low-emission vehicles plug-in grant can help you save up to £2,500 on the purchase price of new low-emission vehicles ...
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/ General

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