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August 2021

Tax benefits on electric cars - company cars

As most drivers of a company car will be aware, if you have any private use of the vehicle this will result in a significant Income Tax charge. This charge is the way that HMRC levy tax on the deemed value of the benefit of having the use of a company car, and the more expensive the car is and the higher the CO2 footprint of the car, the higher the Income Tax charge will be.

Mike Wakeford
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Furlough claim deadline for August

Furlough claims made in August 2021 must be submitted to HMRC by Tuesday 14 September 2021.

Jonathan Green
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What are the tax collection options?

If you do not pay your tax bill on time and cannot make an alternative arrangement to pay, HMRC can take ‘enforcement action’ to recover any tax you owe.

Robert Macdonald
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Can you claim the marriage allowance?

The allowance enables married couples or those in civil partnerships to share their personal tax allowances if one partner earns an income under their Personal Allowance threshold of £12,570 and the other is a basic rate taxpayer.

Stuart Datlen
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One Click - Approval password turned off

Earlier this year CCH released an improvement to CCH OneClick that enables the document approval password requirement to be turned off. This has now been actioned and users will receive the following pop-up notification next time they log into OneClick advising them of the change.

Louise Hastings
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Moore South Announce Charity Gala Screening of New Bond Film, 'No Time To Die'

Moore South's Salisbury office are delighted to announce their charity gala screening of the new James Bond film, NO TIME TO DIE.

Andrew Coldwell
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Information on the tax system when becoming self-employed

If you decide to become self employed, it is vital that you register with HMRC by 5th October following the end of the tax year in which you became self employed.  If you do not follow this process, you may be liable to a penalty based on the tax that is due to HMRC.

Mike Wakeford
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UK Inheritance Tax - What is the current Inheritance Tax Threshold?

Inheritance tax, or IHT as it is commonly known, is generally payable on everything that is of value in your estate when you die (after your IHT threshold and subject to some exemptions). 

Stewart Brandon
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How the Margin Scheme accounts for VAT when selling second-hand vehicles

If you run a business that sells second-hand vehicles and you have not been charged VAT when purchasing the vehicles, using the Margin Scheme could potentially save you some money.

Stuart Datlen
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