Tax Tips & News

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01/12/2021

December Tax Tips & News

Welcome to the Lawrence & Co Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Latest news round-up
The first tax sites in the Freeports announced at the Spring Budget have now been designated, meaning that businesses operating within them can now access some of the reliefs. Read More...
 
Using the Import One-Stop-Shop for low value salesEIS - FTT considers risk to capital condition
The old low value import VAT threshold of €22 was abolished in June 2021. All exports (which now include sales of goods to the EU) are subject to VAT. Where the total value of the shipment doesn't exceed €150, the seller can opt to charge VAT at th..
Read More...
The enterprise investment scheme (EIS) is a collection of tax incentives aimed at encouraging private investment into younger trading companies. EIS is well established; however, the rules have been subject to various changes and additions over the years...
Read More...
Let property: improvement v repair
The tax rules property for businesses have changed considerably since 2010, for example the restriction of relief for financing costs to the equivalent of a basic rate tax reducer (at best). Almost all these changes have been made with the aim of making p..
Read More...
December Questions and AnswersDecember Key tax dates

Newsletter issue - December 2021.

1 - Due date for payment of Corporation Tax for accounting periods ending 28 February 2021

7 - Electronic VAT return and payment due for quarter ended 31 October 2021

19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/12/2021

30 - Last date to file tax return for 2020/21 if the liability is to be coded out

31 - Corporation tax return deadline for year ended 31/12/2020

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Lawrence & Co Accountants are based in Harrow, offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website www.lawacc.co.uk for more information.

 
 

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