Tax Tips & News

02084249777

www.lawacc.co.uk

HomeWhy UsServicesResourcesNewsCareersTestimonials
lawacc-second-home-banner
01/05/2021

May 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 extension of the off-payroll working rules to medium-sized and large organisations finally took effect on 6 April. The responsibility for making an employment status determination for each engagement where the worker's services are provided through an Read More...
 
Student loans for 2021-22Debt factoring and VAT
Starting from 6 April 2021, there is a new type of undergraduate student loan that employers need to be aware of when operating payroll - the Plan 4 loan (SLP4). The new plan type has been necessary due to the Scottish government amending certain details ..
Read More...
Due to the coronavirus, many businesses are experiencing cash flow issues as their customers struggle to make payments in good time. A range of banks offer debt factoring as a way of improving the cash flow position. However, there are VAT considerations ..
Read More...
Making Tax Digital
From 1 April 2021, all compulsorily VAT-registered businesses that submit electronic VAT returns are required to digitally link the business records to their VAT returns. This must be done by using HMRC approved bookkeeping software. This can include spre..
Read More...
May questions and answersMay Key tax dates

Newsletter issue - May 2021

1 - Due date for payment of Corporation Tax for accounting periods ending 31 July 2020

5 - Quarterly employment intermediaries report required for quarter ended 5 April 2021 for organisations that pay people but do not operate PAYE for, e.g. recruitment agencies

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

14 - Claim deadline for employers for furlough days in April.

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

31 - Deadline to issue P60s, either electronically or by paper, to employees

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.

 
 

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