Newsletter issue - September 2021 COVID19 September is the final month of the furlough scheme, subject to any last-minute extension. Employers will need to top up the government's contribution, which is now 60% of wages (up to a maximum cap of £1,875) to ensure the employee receives the requisite 80% (up to £2,500). The deadline…Read More
Newsletter issue - September 2021 Companies are able to relieve losses for tax purposes, subject to certain restrictions. These restrictions have been relaxed slightly in recent years, e.g. allowing companies to claim trading losses against other profits for future trading years. However, COVID19 has seen many businesses, including companies, closing down. It is also anticipated…Read More
Newsletter issue - September 2021 The self-assessment system includes the right for HMRC to make enquiries to ensure the correct amount of tax is collected. However, these rights and the underlying time limits etc. are often a source of confusion. They have changed since self-assessment was introduced in the 1990s, which some taxpayers are completely…Read More
Newsletter issue - September 2021 In most cases, it doesn't make sense to simply give away money to save tax during a person's lifetime. For example, a higher rate taxpayer can claim tax relief to offset their income tax bill on qualifying donations made via the gift aid scheme. However, the cost of the donation…Read More
Newsletter issue - September 2021 Q. I am an IT consultant that has just returned from Jersey where I was undertaking some work for the government. I want to raise my invoice now, but don't know whether to add VAT or not following Brexit? A: You don't need to add VAT here as the Channel…Read More
Newsletter issue - September 2021 1 - Due date for payment of Corporation Tax for accounting periods ending 30 November 2020 7 - Electronic VAT return and payment due for quarter ended 31 July 2021 14 - Claim deadline for employers for furlough days in August 19/22 - PAYE/NIC, student loan and CIS deductions due…Read More
Our monthly newsletter contains a round up of the latest tax news and updates of what's happening at Butterworths
As a subscriber you will automatically recieve our newsletter direct to your inbox
As a valued member of our community, we appreciate the trust you place in us to make sure all your critical services continue.
We are committed to an evidence-led and common-sense approach to containing the coronavirus outbreak and mitigating its impact on employees, customers and our wider business operations.
Please be assured we are preparing for our services to continue as normal. We have business continuity plans in place to minimise the risk of infection and make sure we can continue to deliver a business-as-usual service to our customers should an infection occur at an office. These include implementing clear guidelines for employees, providing support and advice for anyone who needs to self-quarantine, and issuing guidance on following safe hygiene practices across the organisation.
You can find further information on Covid-19 below to keep you updated: