| Latest news round up |
| The Finance Bill that was published on 11 March 2021 received Royal Assent on 10 June and can be viewed online here.
COVID19
From 1 July the level of government support for the furlough scheme will reduce. The government contribution will fall to 70%, Read More... |
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| P11Ds for 2020/21 - COVID19 considerations |
| The P11D filing deadline for 2020/21 is 6 July 2021. Usually, this is a routine exercise in most cases. However, due to COVID19, some additional consideration may be required this time round. HMRC have published guidance regarding certain items that need Read More... |
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| Property CGT - avoid reporting traps |
| Since April 2020, UK-resident taxpayers have been required to report gains on residential property, and make a payment on account of the tax due, within 30 days of completion. One of the key features of the reporting regime is that this 30-day reporting i Read More... |
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| VAT registration - delays |
| Due to COVID19, some businesses are experiencing long delays in obtaining a VAT number after submitting the registration form. HMRC acknowledged the delays earlier this year and have asked businesses to be patient whilst the backlog is worked through. How Read More... |
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| July Questions and Answers |
| Q1. I own several restaurants which all sell English-style food. I am planning to sell two of these to separate buyers. The first intends to operate an Asian fusion restaurant, and the second (smaller) premises is going to be turned into a micropub. Both Read More... |
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| July Key tax dates |
| 1 - Due date for payment of Corporation Tax for accounting periods ending 30 September 2020
6 – Filing deadline for Form P11D
6 – Employment Related Shares return filing deadline
7 - Electronic VAT return and payment due for quarter ended 31 May 2021
Read More... |
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| About Us |
Freeman & Co. Accountants are based in Leicestershire, 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 freemanco.net for more information.
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Copyright © 2024 Freeman & Co.. All rights reserved.
110 St. Mary’s Road
Market Harborough
Leicestershire
LE16 7DX
Freeman & Co. is a trading name of Freeman & Co. (Accountants) Limited
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