by admin | May 28, 2021 | Uncategorized
Claim relief for shares of negligible value If you have some shares that have become worthless, you can make a negligible value claim. This will allow you to set the associated loss against any chargeable gains that you make in the same, or a later, tax year,...
by admin | May 28, 2021 | Uncategorized
Voluntary Class 2 NICs where 2019/20 tax return filed after 31 January 2021 If you are self-employed, you will pay Class 2 and Class 4 National Insurance contributions if your profits exceed the relevant thresholds. Class 2 National Insurance contributions are the...
by admin | May 28, 2021 | Uncategorized
Claim tax relief for expenses of working from home If you are an employee and you are, or have been, working from home as a result of the COVID-19 pandemic, you may be able to claim tax relief for the additional household costs that you have incurred as a result. HMRC...
by admin | May 28, 2021 | Uncategorized
Amending a PSA for COVID-19 benefits You can use a PAYE Settlement Agreement (PSA) if you wish to settle the tax liability arising on the provision of a benefit-in-kind or an expense on an employee’s behalf. This can be useful if you wish to preserve the...
by admin | May 28, 2021 | Uncategorized
Reporting expenses and benefits for 2020/21 If you are an employer and you provided taxable expenses and benefits to your employees during the 2020/21 tax year, you will need to report these to HMRC on form P11D, unless all benefits were payrolled or included within a...
by admin | Apr 30, 2021 | Uncategorized
Higher residential SDLT threshold extended Stamp duty land tax (SDLT) is payable when you buy a property in England or Northern Ireland. Last year, the SDLT residential threshold was temporarily increased to £500,000 with effect from 8 July 2020. The threshold...
