All news by: Chris Goodwin Tax Diary November/December 2021 Key dates for your diary in November and December 2021. Time To Pay threshold increase In October, HMRC increased the threshold of self assessment liabilities from £10,000 to £30,000 for individuals setting up Time to Pay arrangements. Postponed VAT Accounting What is postponed accounting? Postponed accounting means that the importer does not pay import VAT when goods arrive at a port or airport instead the VAT is deferred. Self Employed Income Support Scheme Extension (SEISS) The Government has provided more support for the self employed in the latest March 2021 Budget announcement. Make hay while higher rate relief is available For many years Chancellors have threatened to reduce the Income Tax relief that can be claimed for payments into a private pension scheme. VAT deregistration strategy If you are presently registered for VAT but your turnover has dropped below £83,000 you could deregister for VAT. Quiz Night Raises Funds for Local Charity Moore Guildford office organised a quiz night at The Albany, which took place on Monday, 17 October 2016, to raise funds for local charity, the Samson Centre for MS. Quiz Night Raises Funds for Local Charity Moore Guildford office organised a quiz night at The Albany, which took place on Monday, 17 October 2016, to raise funds for local charity, the Samson Centre for MS. VAT on Property Interests Many individuals have property interests and when buying, selling, leasing, constructing, converting or renovating buildings, it is important that the VAT position is considered in advance of any transaction.