|
|||
|---|---|---|---|
|
||||||||
 |
| 01/04/2022 | |||||
|
|||||
|
| Transitional rules for Capital Allowances | Election to be treated as UK-domiciled for IHT purposes |
| The annual investment allowance (AIA) has been at a temporary increased amount of £1 million since January 2019. This was supposed to revert to £200,000 after 31 December 2021 but has been extended for various reasons until 31 March 2023. As we are .. Read More... | Inheritance tax is possibly the least popular of the main taxes. However, in most cases, no IHT is payable on transfers made to a spouse or civil partner - regardless of whether this takes place during the lifetime of the person making the gift, or via th.. Read More... |
| Is the QCB deferral worthwhile? |
| When a company is sold, it is often partly for consideration which is deferred in one way or another. Sometimes this will take the form of a debt, such as loan notes. Effectively, the vendor is lending the purchaser the balance of the consideration. If ce.. Read More... |
| April Questions and Answers | April Key tax dates |
Newsletter issue - April 2022. 1 - Due date for payment of Corporation Tax for accounting periods ending 30 June 2021 5 - Last day of 2021/22 tax year, deadline to use any allowances, e.g. ISAs, CGT annual exemption etc. 5 - Deadline for registration for payrolling of benefits in kind for 2022/23 7 - Electronic VAT return and payment due for quarter ended 28 February 2022 14 - Deadline to file CT61 for Q/E 31 March 2022 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/4/2022 30 - ATED return and payment for 2022/23 due 30 - Last date to pay self-assessment liability for 2020/21 without incurring daily penalties (note that the daily, and 6 and 12 month penalties were not affected by the reprieve for automatic £100 penalties) |
|
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
|