1 July 2021 – Due date for Corporation Tax due for the year ended 30 September 2020.
6 July 2021 – Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A
An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference between the interest the employee pays, if any, and the commercial
The lifetime allowance is the maximum amount of pension and/or lump sum that benefits from tax relief. The lifetime allowance is currently set at £1,073,100. The annual allowance for tax relief on
A business that incurs expenditure on taxable and exempt business activities is partially exempt for VAT purposes. This can happen where a business makes or intends to make both taxable and exempt
The replacement of domestic items relief has been in place since April 2016. The relief allows landlords to claim tax relief when they replace movable furniture, furnishings, appliances and
In a boost to UK tourism, the government has launched a new Tourism Recovery Plan to help the sector bounce back from the pandemic. The plan is to recover domestic tourism to pre-pandemic levels by
As the school holidays fast approach, many parents face having to organise extra school holiday childcare over the summer months.
HMRC is reminding working families that the Tax-Free Childcare (TFC)
