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| Loss relief for companies ceasing a trade | HMRC enquiries: is it in time? |
| Companies are able to relieve losses for tax purposes, subject to certain restrictions. These restrictions have been relaxed slightly in recent years, e.g. allowing companies to claim trading losses against other profits for future trading years... Read More... | The self-assessment system includes the right for HMRC to make enquiries to ensure the correct amount of tax is collected. However, these rights and the underlying time limits etc. are often a source of confusion. They have changed since self-assessment w.. Read More... |
| Inheritance tax - why giving away money can mean more for the beneficiaries |
| In most cases, it doesn't make sense to simply give away money to save tax during a person's lifetime. For example, a higher rate taxpayer can claim tax relief to offset their income tax bill on qualifying donations made via the gift aid scheme... Read More... |
| September Questions and Answers | September Key tax dates |
Newsletter issue - September 2021 1 - Due date for payment of Corporation Tax for accounting periods ending 30 November 2020 7 - Electronic VAT return and payment due for quarter ended 31 July 2021 14 - Claim deadline for employers for furlough days in August 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/9/2021 30 - Deadline to claim refund of loan charge payments already paid where scheme has been deemed outside the scope of the charge following December 2019 review 30 - last day of temporary hospitality VAT rate at 5%, rising to 12.5% from 1 October |
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Unit 205, Cervantes House 5-9 Headstone Road Harrow HA1 1PD Lawrence & Co is a trading name of Lawrence & Co
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