19th April 2021 16:34 pm
Employers who previously chose to informally payroll benefits will no longer be able to do so in the 2021-22 tax year. They will need to complete the registration with HMRC before the 5th April 2021 if they wish to proceed and formally payroll benefits as informal arrangements will no longer…
13th April 2021 13:04 pm
Research and development projects which will provide an advance in science and technology with innovative solutions are often subject to Tax relief. R&D Tax Credits can be claimed by a range of companies that seek to research and develop an advance in their field, even if the project was unsuccessful.…
HMRC has published internal manuals on cryptoassets taxation on 6th April 2021 detailing appropriate tax treatment as well as guidance for people holding cryptoassets regarding record keeping and liabilities. Companies or businesses involved in cryptocurrency activities (buying or selling, exchanging for other assets or cryptoassets, ‘mining’, providing goods or services…
21st March 2021 3:28 am
This applies to companies within the charge to Corporation Tax investing in plant and machinery on or after 1st April 2021. The companies can claim for the investments made in qualifying expenditures between 1st April 2021 and 31st March 2023: Super deduction offering 130% first-year relief on qualifying main rate…
15th March 2021 12:11 pm
Why is having a NI number important? Your NI number is your unique identifier within the UK’s social security system. If you’re liable to pay National Insurance contributions, want to pay them voluntarily, or if you wish to claim tax credits, welfare benefits or apply for a student loan –…
