Tax Tips & News

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01/09/2022

September 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
Making Tax Digital - a new penalty regime for all. The current penalty system for late payment and/or late submission of tax returns differs depending on which tax is levied. For some time HMRC has wanted a consistent approach across all taxes and the opp Read More...
 
One way of getting money out of your company - charge rentHave you taken an 'illegal dividend'?
Although dividends are generally the most tax-efficient method by which money can be extracted from a company, renting a property you own to your company can be more or as tax efficient depending on your marginal tax rate. Whether charging rent is tax-eff..
Read More...
Anyone who invests in a company is taking a chance, hoping that the money will not be wasted, and that the directors, as representatives of the company, will use the money in such a way that the company's profit increases. In return for taking this chance..
Read More...
Are you trading?
Covid -19 had a devastating impact on many businesses with significant numbers closing for good. However, many workers who were made redundant or furloughed took the opportunity to set up their own businesses. According to the Government's December 2021 r..
Read More...
September Questions and AnswersSeptember Key tax dates

Newsletter issue - September 2022

1 - Corporation Tax payment 30 November 2021 year end

New rates published for Advisory fuel rates for company car drivers

Trust Registration Service: deadline to register non-taxable trusts in existence on 6 October 2020, some non-taxable trusts created after 6 October 2020, and some taxable trusts created on or after 6 April 2021.

7 - Electronic VAT return and payment due for VAT quarter ended 31 July 2022.

19 - CIS return for payments made to subcontractors in the month to 5 September 2022

22 - PAYE, NIC and CIS payment (electronic): month-end 5 September 2022

30 - Corporation Tax returns submission: 30 September 2021 year ends

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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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