Financial years and corporation tax rates Corporation tax (CT) rates are set for “financial years”. A financial year (FY) runs from 1 April to 31 March and is identified by the calendar year in which it commences for example FY 2022 is the year from 1 April 2022 to 31…
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Pension contributions: Put money in and SAVE TAX!!!!!!!!!
Introduction Let’s get straight down to business. There is reason you should put money into a pension and one of the main reasons to SAVE TAX. As a pension saver you enjoy two important tax reliefs: • Tax relief on your contributions – what I call buying investments at a…
Continue ReadingThe Ecommerce Directive after the Transition Period
At the end of the transition period, the e-Commerce Directive will no longer apply to the UK. You should begin to prepare for these changes now. The following has been extracted from the Government website: Changes from 1 January 2021 Rules relating to online activities in European Economic Area (EEA)…
Continue ReadingOverclaimed COVID grants
When the CJRS was first announced on 20 March it was made clear that in many cases the funds received would be taxable in the hands of the recipient. These packages alone now have made quite a dent in the treasury; it is perhaps no surprise that the Government is…
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