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Repaying Overclaimed CJRS Grants to HMRC
The latest version of the CT600 Corporation Tax Return requires companies to report CJRS furlough payments received and the amounts that the company was entitled to during the period. HMRC have updated their guidance on repaying any Coronavirus Job Retention Scheme...
Support and manage disability and health at work
The Government is testing a new online service for employers which provides advice and guidance on managing health and disability in the workplace. This may be particularly helpful for smaller businesses without an in-house HR function. By taking part you will receive...
Less than a month until full customs controls are introduced
HMRC are reminding traders to prepare for customs changes that come into effect on 1 January 2022. You will no longer be able to delay making import customs declarations under the Staged Customs Controls rules that have applied during 2021. Most customers will have to...
Latest advisory fuel rates now available
HMRC updates its advisory rates for business miles undertaken in company cars quarterly. The latest figures are now available - what impact has the recent rise in fuel costs had? Where employees undertake business-related mileage in a company owned car, HMRC allows...
Diary of main tax events: November / December 2021
Date What’s Due 1/11/21 Corporation tax for year to 31/01/2021 unless quarterly instalments apply 19/11/21 PAYE & NIC deductions, and CIS return and tax, for month to 5/11/21 (due 22/11 if you pay electronically) 1/12/21 Corporation tax for year to 28/02/2021...
Cryptocurrency investors under HMRC scrutiny
HMRC has obtained information about those who have bought or sold cryptocurrencies and says it will be writing to them in November. How should you respond if you receive a letter? HMRC has said it will send so-called “nudge letters” to anyone for whom it’s been sent...
UK Transition help for businesses
The Department for International Trade (DIT) have launched a new service for exporters. If you are a UK business and you want to sell goods or services abroad, use this service to ask the DIT export support team a question. You can ask any question for your business,...
VAT increase for some businesses
At the start of the pandemic, the government cut the flat rate scheme percentages for businesses in the hospitality industry. As of 1 October 2021, these rates have increased. Who is affected, and why isn’t it the end of the story just yet? In broad terms, a business...
Claiming back Statutory Sick Pay paid to employees due to coronavirus (COVID-19)
The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the Statutory Sick Pay paid to current or former employees. HMRC have updated the guidance to confirm that employers can only claim for employees who were off work on or before 30 September 2021....
Bounce Back Loans: A guide for Directors
The ‘Bounce Back Loan’ (BBL) was a measure introduced to assist businesses impacted by the Coronavirus pandemic. Financial support of up to £50,000 was available and whilst there were qualifying criteria, they were deemed to be somewhat loose. For many businesses...
Government reduces temporary measures to support businesses
The government have confirmed that temporary measures brought in to support businesses from insolvency during the pandemic will be phased out from 1 October 2021. It seems that the temporary restrictions on statutory demands and winding-up petitions will not be...
National insurance & dividend tax to rise next year
The launch of a social care levy from 2022 will see all taxpayers facing a 1.25% tax charge under government plans, while dividend tax will also rise. From next April the government will create a UK-wide, 1.25% health and social care levy on earned income. The new tax...
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Middleton Accountancy Services
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
