A salary sacrifice arrangement is effectively an agreement to reduce an employee’s entitlement to cash pay, usually in return for a non-cash benefit. This can include items such as
HMRC must be informed when a non-trading or dormant company starts trading again and becomes active for Corporation Tax. Companies can use HMRC Online Services to supply the
As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax (CGT) which is forfeited if not used. The annual exemption for individuals in
1 May 2021 – Due date for Corporation Tax due for the year ended 30 July 2020.
19 May 2021 – PAYE and NIC deductions due for month ended 5 May 2021. (If you pay your tax
The tax treatment of charities can be complex. Many charities trade either as part of their charitable
Where an error on a past VAT return is uncovered, businesses have a duty to correct the error as soon as
HM Treasury has published a further Treasury Direction made under the Coronavirus Act 2020, ss. 71 and
If you are self-employed as a sole trader or as a partner in a business partnership, then you must keep
The new Recovery Loan Scheme was launched on 6 April 2021. The new scheme allows businesses of any size
One of the measures announced at the Budget was the introduction of a new Mortgage Guarantee Scheme to
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