Self Assessment Deadlines
Now that the calendar has ticked into October it’s an appropriate time to highlight the filing deadlines for the tax year ending 5th April 2021. Paper tax return must be filed by 31st October 2021, and electronic tax returns must be filed by 31st January 2022. 31st January 2022 is also the deadline for payment of tax liabilities arising from the year ended […]
End of the road for Furlough
As we reach the final days of September, we prepare for the closure of the ground breaking Coronavirus Job Retention Scheme (CJRS). The one-of-a-kind scheme launched by Rishi Sunak back in March 2020, has been a lifeline for millions of businesses and employees. The scheme has seen several variations and numerous extensions. Most recently the […]
Electric cars just got even more tax attractive
The government’s recent announcement of a 1.25% health and social care levy may have broken their election manifesto pledge in the eyes of many, but it has also made the switch to an electric company car even more attractive for company owners and employees. In April 2020 the government introduced an enormously enticing tax break […]
NRB invest in development of payroll team
NR Barton has recruited four new team members to improve and enhance its payroll bureau offering. The new recruits have joined our offices at Waterside House in Wigan and their appointment comes as the firm continues to invest and develop in client service. Headed up by Emma Peers (pictured above on the left), Payroll Manager, […]
House prices fall 0.5% in June, should we be concerned?
As the stamp duty holiday is ending, it is interesting to look at the effects which this has had on house prices across the UK. The holiday was introduced on 8 July 2020 after concerns were raised regarding the property market after coming out of the pandemic. This scheme increased the number of people that […]
VAT Deferral: New Payment Scheme
VAT Deferral: New Payment Scheme How can I opt-in to the new payment scheme? How many instalments can I pay my deferred VAT in? I am having difficulty using the online service, what can I do? What if I am still not able to pay my deferred VAT? If you deferred VAT between 20 March […]
Capital Gains Tax: payment for property disposal
Capital Gains Tax (CGT) is a form of taxation which is put on the sale of a non-inventory asset. If you have sold or disposed of a UK residential property (including part interest in one) after April 2020, you may need to report this and pay Capital Gains Tax (CGT) within 30 days of completion. […]
First Homes: guidance and eligibility
The First Homes scheme involves the building of new homes specifically to be sold at a discount. However, these homes are otherwise intended to be of similar specification to full-price homes. These homes will then be put on the market at a discount of at least 30%. For an average new-build property in England, this […]
SEISS: should you change your accounting date to save tax?
The SEISS allowed self-employed individuals and partnerships to receive taxable grants if their business has been adversely affected by the coronavirus pandemic. The first three grants were given in the tax year 2020/2021, although the profits which the SEISS grants substitute for might have been taxed in a later year. This means that even though […]
SEISS Fourth Grant – Am I Eligible & How Much Can I Claim?
If you are self-employed and your business has been negatively impacted by the covid-19 pandemic, you could be eligible for the fourth grant of the Self-Employment Income Support Scheme. To make your claim for the fourth grant, you must do so on or before 1 June 2021. This grant will cover the period […]
