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HMRC starts chasing up SEISS overpayments
HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants. From April, HMRC is writing to taxpayers whose entitlement to the fourth or the fifth SEISS grant has reduced by more than £100 to ask them to repay amounts that were...
HMRC reminds businesses to get ready to move to customs IT platform over the summer
HM Revenue and Customs (HMRC) is writing to businesses to tell them about a change to the UK’s customs systems. The letter includes information about the work under way to move to a single UK customs platform - the Customs Declaration Service (CDS) - and outlines what...
Plastic Packaging Tax comes into force this April
The UK government will introduce the PPT on 1 April 2022. From this date, firms that manufacture or import plastic packaging must check if they are liable for the PPT. Firms will have 30 days to register for the tax from the date they become liable. Businesses will...
Essential Tax Dates for April
1 April All VAT registered businesses to keep digital records and submit VAT returns under the Making Tax Digital (MTD) regime. 5% late payment penalty on any 2020/21 outstanding tax which was due on 31 January 2022 and still remains unpaid. 5 April Deadline for...
Main tax events for March/April 2022
MARCH / APRIL 2022 Date What’s Due 01/03 Corporation tax payment for year to 31/5/21 (unless quarterly instalments apply) 19/03 PAYE & NIC deductions, and CIS return and tax, for month to 5/03/22 (due 22/03 if you pay electronically) 01/04 Corporation tax payment...
Essential tax dates for March
1 March New Advisory Fuel Rates (AFR) for company car users apply from today. 3 March 5% late payment penalty on any 2020/21 outstanding tax which was due on 31 January 2022 and still remains unpaid. 19 March PAYE, Student loan and CIS deductions are due for the month...
New reporting requirement for FRS businesses
Businesses using the flat rate scheme (FRS) must soon make changes to how they declare imports on their VAT returns. What changes will be required and when? HMRC’s latest Business Brief sets out the new rules which will apply for VAT return periods commencing on or...
Rochdale Business Grants
Please note that Rochdale council now has 2 grant schemes open to support businesses who have been adversely impacted by the rise in the Omicron variant. There are strict eligibility criteria and details of the schemes are on the Council’s website. There is one for...
Chancellor announces £1 billion fund for businesses
On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm. Mr Sunak said the government would also help certain firms with the cost of sick pay for...
Self assessment 2020-21
Coding out deadline just days away The tax return for 2020/21 must be filed by 31 January 2022. Any tax due is payable by the same date, but in some circumstances this can be spread over the next tax year instead. Why do you need to act quickly to take advantage of...
Sunak unveils £1bn support package for Omicron-hit businesses
Chancellor Rishi Sunak has announced a further £1bn support package for businesses impacted by the new Omicron variant. As part of the support, businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6,000 per...
Essential tax dates for January
1 January Due date for payment of corporation tax for period ended 31 March 2021. 14 January Due date for income tax for the CT61 quarter to 31 December 2021. 19 January PAYE, Student loan and CIS deductions are due for the month to 5 January 2022. PAYE quarterly...
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Middleton Accountancy Services
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
