Month: February 2021

VAT Agricultural Flat Rate Scheme

Businesses that use the flat rate scheme pay VAT as a fixed percentage of their VAT inclusive turnover.

Capital Gains Tax exemptions

As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax

Inheritance Tax – tax-free gifts

We wanted to remind our readers of the Inheritance Tax (IHT) implications of making cash gifts during the

Claiming Self-Employed Income Support Scheme grants

Under the third Self-Employed Income Support Scheme (SEISS) grant, claimants received up to 80% of

Government to publish range of tax consultations

In a recent HM Treasury press release it has been confirmed that the government will publish a number of

Tax Diary March/April 2021

1 March 2021 – Due date for Corporation Tax due for the year ended 31 May 2020.

2 March 2021 –

Outcome of the Uber case

The Supreme Court has handed down a landmark judgement in the Uber case. The Supreme Court unanimously

What is overtrading?

A reminder that traders who buy and sell goods – wholesalers or retailers – need to be wary of the

Emerging from lockdown

The Prime Minister has set out the government’s objectives for easing lockdown restrictions.

If the

Tax breaks working from home

Employees who are working from home may be able to claim tax relief for any additional costs due to home