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HMRC debt and enforcement

HMRC is ramping up action against tax defaulters while the end of the winding up ban at the end of September will be a shock for some businesses protected by…
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Impact of increasing business taxes

The government should stop increasing taxes on businesses and jobs, as it risks derailing the economy’s recovery from the pandemic says the Confederation of British Industry (CBI).   In a…
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Autumn Budget set for 27 October

The Chancellor has confirmed that government spending plans will be outlined at the Spending Review on 27 October alongside a second Budget This will be the second Budget of the…
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1.25% tax increase to cover social care costs

The launch of a social care levy from 2022 will see all taxpayers facing a 1.25% tax charge under government plans, while dividend tax will also rise. From next April…
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Helping clients claim self-employed income support scheme (SEISS)

How can accountants help clients claim for SEISS? We have all witnessed the major disruption the pandemic caused to the economy and communities. One in 10 of the six million…
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Companies House urges businesses to file accounts early

Companies House urges businesses who are due to file accounts by the end of September to do so as soon as possible through its online service. The government department has…
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Filing deadlines: September – December 2021

14 September    Deadline to claim CJRS for August 2021 claims 14 September   Corporation tax second quarterly instalment payment for very large companies with annual taxable profits exceeding £20m (reduced…
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Making Tax Digital: preparing accountants for MTD

Next year sees the rollout of the extension to Making Tax Digital for self-employed people, which means accountants need to start preparing their clients, explains Lee Murphy, managing director at…
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HMRC advisory fuel rates from 1 September 2021

HMRC have published company car advisory fuel rates for use from 1 September 2021. The rates apply when employers reimburse employees for the cost of fuel for business travel in…
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91% of SMEs support change to tax year

 A survey by accountancy firm BDO found that 91% of mid-sized businesses overwhelmingly support a change to the tax year from 4 April to 31 December. Nine out of 10…
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