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| P11Ds for 2020/21 - COVID19 considerations | Property CGT - avoid reporting traps |
| The P11D filing deadline for 2020/21 is 6 July 2021. Usually, this is a routine exercise in most cases. However, due to COVID19, some additional consideration may be required this time round. HMRC have published guidance regarding certain items that need .. Read More... | Since April 2020, UK-resident taxpayers have been required to report gains on residential property, and make a payment on account of the tax due, within 30 days of completion. One of the key features of the reporting regime is that this 30-day reporting i.. Read More... |
| VAT registration - delays |
| Due to COVID19, some businesses are experiencing long delays in obtaining a VAT number after submitting the registration form. HMRC acknowledged the delays earlier this year and have asked businesses to be patient whilst the backlog is worked through. How.. Read More... |
| July Questions and Answers | July Key tax dates |
Newsletter issue - July 2021 1 - Due date for payment of Corporation Tax for accounting periods ending 30 September 2020 6 - Filing deadline for Form P11D 6 - Employment Related Shares return filing deadline 7 - Electronic VAT return and payment due for quarter ended 31 May 2021 14 - Claim deadline for employers for furlough days in June. 14 - CT61 quarterly deadline for Q/E 30 June 2021 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/7/2021 and Class 1A NIC for 2020/21 31 - Tax credit renewal forms must be submitted 31 - Second payment on account for 2020/21 due 31 - Trigger date for second round of automatic penalties late payment of self-assessment for 2019/20 31 - Trigger date for £300 or 5% penalty for continued late filing of 2019/20 tax returns |
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