Tax Tips & News

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28/11/2021

November Tax Tips & News

Welcome to the Barkers Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Autumn Budget 2021
The 2021 Autumn Budget took place on 27 October 2021. Chancellor Rishi Sunak adopted an upbeat and optimistic tone, pledging over £150 billion in additional spending by the end of the current Parliament - crediting the ability to do so to a "better than e Read More...
 
Latest news round-up
The 2021 Autumn Budget was relatively quiet in terms of tax-related announcements, and the Finance Bill 2021/22 published on 4 November was similarly thin on new changes, consisting to some extent of matters that had already been announced, e.g. the aboli Read More...
 
Partial exemption and B2B services from overseas
When a supply of services is from one business to another, i.e. a B2B supply, the general rule is that supply is treated as taking place wherever the customer is located, rather than the supplier. As an example, if a website design business is located in Read More...
 
Discovery assessments: time limits, the staleness concept, and Finance Bill changes
The discovery assessment provisions in s. 29 of TMA 1970 permits HMRC to make an assessment for underpaid tax in certain situations. The time limit for raising the assessment depends on the behaviour that led to the underpayment. The standard time limit i Read More...
 
Avoiding wasted capital losses
There were rumours that CGT rates were going to be increased at the Budget. These eventually proved to be incorrect, but there are still commentators that feel it is only a matter of time before changes are made with the huge COVID19-related borrowing to Read More...
 
November Questions and Answers
Q. My company has issued a new class of shares to my adult children. However, these have been issued unpaid - with the amount available to be called at any time, though more likely to be paid in increments over the next few years. Both children work for t Read More...
 
November Key tax dates
1 - Due date for payment of Corporation Tax for accounting periods ending 31 January 2021 7 - Electronic VAT return and payment due for quarter ended 30 September 2021 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/11/2021 Read More...
 
About Us

Barkers Accountants are based in Camelford, North Cornwall, offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website barkersaccountants.com for more information.

 
 

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