Tax credits applicants should be vigilant and alert to potential scams, HMRC has warned. In the 12 months to 30 April 2021, HMRC responded to more than 1,154,300 referrals of suspicious contact from the public. More than 576,960 of these offered bogus tax rebates. In…
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Taking goods abroad to sell?
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…
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…