Tax Tips & News

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01/06/2022

June 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 Self-Employment Income Support Scheme (SEISS) came as welcome support for many self-employed earners during the Coronavirus crisis. Initially, four grants were available with a fifth and final grant covering May to September 2021. Read More...
 
Capital Gains Tax - your main residence may not be tax-freeAre you struggling to pay your tax bill?
The sale of every property is potentially taxable under the Capital Gains Tax (CGT) rules. When an individual sells their only or main residence, generally the gain is exempt from CGT due to the Principal Private Residence (PPR) relief...
Read More...
The last couple of years have been financially difficult for many and the coming year will bring increased costs - not least utility bills. The July 2022 payment on account tax bill needs to be paid in a few weeks' time and some taxpayers may find it a s..
Read More...
Tax relief for losses - Coronavirus concession
Those businesses that have struggled through the pandemic may find that when they come to do their accounts where usually there is a profit, the business made a loss. Whether and how that loss can be utilised depends on whether the accounts are prepared u..
Read More...
June Questions and AnswersJune Key tax dates

Newsletter issue - June 2022

1 - Payment of Corporation Tax for accounting periods ending 31 August 2021

1 - Deadline to confirm employees payrolled benefit information.

1 - New Advisory Fuel Rates (AFR) for company car users apply from today.

7 - Electronic VAT return submission and payment due for quarter ended 30 April 2022

19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5 June 2022

10th - 12th June 2022 - Direct debit payment for VAT will be taken during these dated for quarter ended 30 April 2022.

30 - Final deadline for applying for the Government Covid Recovery Loan Scheme.

30 - Submission of Corporation Tax returns: 30 June 2021 year end

About Us

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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