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| Christmas: how does hospitality and gifts affect the VAT return? | Inheritance Tax (IHT) - a problem with taper relief |
| The Omicron variant of Covid-19 saw new guidelines issued by the government in December. However, at the time of writing no lockdown, circuit breaker or otherwise, has been announced. As a result, many businesses will be going ahead with plans for hosting.. Read More... | Making gifts of value during an individual's lifetime is a tried and trusted way of reducing the exposure to IHT. Many people are aware of the so-called "seven-year rule", which provides that a potentially exempt transfer (PET) becomes fully exempt as lon.. Read More... |
| Home working and Capital Gains Tax (CGT) |
| Working from home was slowly becoming more common before the Covid-19 pandemic; however, the various lockdowns restrictions meant that it increased exponentially in 2020 and 2021. Many employees have indicated that they do not wish to return to the office.. Read More... |
| January Questions and Answers | January Key tax dates |
Newsletter issue - January 2022 1 - Due date for payment of Corporation Tax for accounting periods ending 31 March 2021 7 - Electronic VAT return and payment due for quarter ended 30 November 2021 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/1/2022 31 - Deadline for electronic filing of self-assessment returns for individuals, partnerships and trusts 31 - Payment deadline of balancing payment for 2020/21 and first payment on account for 2021/22 31 - Last date to file 2019/20 return or face further 5%/£300 penalty |
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