|
|||
|---|---|---|---|
|
||||||||
 |
| 01/04/2021 | |||||
|
|||||
|
| Loss relief extension | Dealing with an overdrawn Directors Loan Account |
| The Budget saw an announcement that the loss relief provisions available to both unincorporated business and companies are to be temporarily extended. There are differences in the way this will operate between the two types of business vehicle... Read More... | Many companies use 31 March as the accounting reference date. As such, now is a good time to review the position of directors' current accounts for close companies. It is a common misunderstanding that if the company charges a commercial rate of interest.. Read More... |
| Tax relief for loans used for businesses |
| There has been an unprecedented amount of support for businesses struggling due to Covid-19. However, back at the start of the crisis there were delays in the various schemes being set up. Additionally, a high number of newer businesses were completely in.. Read More... |
| April questions and answers | April Key tax dates |
Newsletter issue - April 2021 1 - Due date for payment of Corporation Tax for accounting periods ending 30 June 2020 5 - Last day of 2020-21. Also a bank holiday (Easter Monday), so keep in mind if looking to utilise tax planning that is date sensitive, e.g. transfers into ISAs, Lifetime ISAs, pension plans etc. 5 - Deadline for employers to agree payrolled benefits for 2021/22 with HMRC 6 - Large and medium sized businesses in private sector become responsible for applying IR35 rules 7 - Electronic VAT return and payment due for quarter ended 28 February 2020 14 - CT61 quarterly deadline for Q/E 31 March 2021 15 - Claim deadline for employers for furlough days in March. 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/4/2021 30 - ATED returns due |
|
Copyright © 2024 Lawrence & Co. All rights reserved.
Unit 205, Cervantes House 5-9 Headstone Road Harrow HA1 1PD Lawrence & Co is a trading name of Lawrence & Co
|