Please see below the diary of main tax events for June/July 2021: We are here if you need help with meeting these deadlines....
CGT business asset disposal relief
Check that your shares qualify for CGT business asset disposal relief: A recent case before the tax tribunal has confirmed that all of a company’s s...
Not all benefits need to be reported on form P11d
Despite the coronavirus lockdowns HMRC still expect P11d forms reporting expenses and benefits to be submitted by the normal 6 July deadline....
Advisory fuel company car rates June 2021
Company car rates: These are the suggested reimbursement rates for employees' private mileage using their company car from 1 June 2021....
The impact of COVID-19 on Furnished Holiday Lets
The COVID-19 pandemic and associated lockdown measures have caused a significant impact on businesses including Furnished Holiday Lets (FHL)....
Reimburse private fuel by 6 July 2021 to avoid fuel benefit
Another consequence of the lockdown periods is that employees may have driven fewer private miles in their company cars, particularly where they have ...
Car benefit reduced where unavailable
P11d forms reporting benefits in kind provided to employees and directors need to be submitted to HMRC by 6 July....
Beware mini-umbrella company fraud
HMRC are urging businesses to look out for the use of mini-umbrella companies (MUCs) to pay contractors supplying their labour via agencies and other ...
EU VAT changes from 1 July 2021: The IOSS (Import One-Stop Shop) Scheme
On July 1 2021, the European Union (EU) will introduce the Import One-Stop Shop (IOSS) scheme. The new system simplifies current VAT registration requ...