Please see below the list of main tax events for December 2021/January 2022. If you need any further help please do not hesitate to contact us.
HMRC have again increased the advisory fuel rates December 2021 that apply for the reimbursement of employees’ private fuel for their company cars.
The latest version of the CT600 Corporation Tax Return requires companies to report CJRS furlough payments received and the amounts
Remember that certain gifts to staff at Christmas are also tax free if structured correctly. Employers are allowed to provide their directors and employees with certain “trivial” benefits in kind tax free.
Last year many businesses put on a “virtual” Christmas parties and HMRC agreed that would be acceptable in order for there to be no taxable benefit for the employees involved.
Where possible taxpayers should “Gift Aid” any payments to charity to provide a further benefit to the charity.
