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June furlough claim deadline

Furlough claims made in June 2021 must be submitted to HMRC by Wednesday 14 July 2021.

25 Jun 2021 Read more
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Covid-19 and benefits in kind – Matters to consider when reporting expenses and benfits in kind on P11Ds for 2020/21

There are many expenses and benefits in kind which will need to be reported, however there are some exemptions for expenses associated with working from home. 

24 Jun 2021 Read more
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SEISS fifth grant update

The government’s online service for the final self-employment income support scheme grant (SEISS) will be available some time around late July. If you are eligible to make a claim for the May 2021 to September 2021 period, HMRC will contact you from mid-July to inform you of the date you can make a claim from. 

15 Jun 2021 Read more
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June deadlines for the Covid related VAT deferral payment scheme

If you do not set up a payment plan or pay your liability in full, you may be charged a 5% penalty or interest by HMRC. To avoid this, you can either join the new payment scheme before the deadline of 21 June 2021 or pay off your deferred VAT in full by 30 June 2021. 

15 Jun 2021 Read more
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Understanding the benefits of using cloud tools when creating a cash flow forecast

Every business should monitor and understand their cash flow. To fully understand your business’ cash flow, you will need the most up to date financial information about your business. Cloud accounting software gives you the ability to access your business’ whole financial picture all in one place, at any time. 

7 Jun 2021 Read more
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End of furlough: are you prepared?

There is still a large number of employees in the UK that are furloughed. However the furlough scheme (also known as the Coronavirus Job Retention Scheme) is scheduled to end this year.

3 Jun 2021 Read more
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Prepare benefit in kind returns to HMRC

Employers that provide any form of taxable benefit to clients will need to prepare and file P11D returns to HMRC. The deadline to file your returns is the 6 July 2021.

25 May 2021 Read more
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How to import goods into the UK

If you are new to the import process this beginners check list will provide you with what you need to do.

25 May 2021 Read more
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TAX DIARY JUNE & JULY 2021

Important dates for your tax diary in June and July 2021.

24 May 2021 Read more
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Tax relief on profits for creators of literary or artistic works

A special tax relief is available for creators of literary or artistic works. This relief will mean creators can claim to add together their profits for 2 years and be taxable on the average of those profits if certain conditions are met. 

21 May 2021 Read more
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CCH OneClick MFA Improvement

Therefore, from Friday 30 April when users next log in to CCH OneClick and are asked to enter an MFA code they will see a ‘Remember Me’ option. Selecting this option will enable them to log in without being asked for an MFA code again.  

4 May 2021 Read more
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Gift Aid – Be cautious if your income has dropped

The tax that is claimed back by the charity is funded by the tax paid by the donor. This is only applicable where the donor has paid more tax in the year than is claimed back by charities and community amateur sports clubs on donations. Problems can arise if the donor’s income falls, such that they are not classed as a taxpayer or pay less tax than is claimed back on the donation.

28 Apr 2021 Read more
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