You must declare goods that you take with you to sell outside the UK - for example if they are in your baggage or in a private vehicle. There is a different process if you take goods abroad temporarily (for example samples for a trade…
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Tax Diary July/August 2021
1 July 2021 - Due date for Corporation Tax due for the year ended 30 September 2020. 6 July 2021 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs. 19 July 2021 - Pay Class 1A…
Business risk is increasing
COVID disruption has added a further layer to the business risk cake. Do you know how many of your customers are at risk of failure? It is estimated that between 20% and 30% of small businesses, and a sprinkling of larger concerns, will cease to…
Payroll - late filing penalties 2021-22
HMRC have issued the following comments on their adoption of a risk-based penalty strategy for 2021-22. They said: Following HMRC’s review of the effectiveness of the risk-based approach to late filing PAYE and late payment penalties, we can confirm this approach will continue for the…