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13/06/2021

June Tax Tips & News

Welcome to Davies Tracey’s Tax Tips & News, designed to keep you one step ahead of the taxman. We are committed to ensuring none of our clients pay a penny more in tax than is necessary and as such, this month’s news and tips include:

Click a link above to read an article, or skip straight to our regular content:

In the last newsletter we briefly mentioned the first of several client events we’re planning, this one covering 2021 HR issues arising from changes to the way in which workforces carry out their jobs over the past year, along with the challenges these create in processing payrolls. Booking is now open for this event, to be held at our offices on 8th July, 9.15 – 11.15am. For further information and to book simply online, please click here.

In addition, with an increasing amount of questions from clients on European Union reforms to VAT obligations (in fact one is answered in this month’s Q&A section), we are also pleased to announce details of an event hosted by our preferred VAT consultant Jane Deeks, on 10th June at 11.30am – 12.30pm, exploring changes such as the EU VAT Return One Stop Shop; Closing the €22 import VAT exemption loophole; and making marketplaces deemed suppliers for VAT purposes. Further information on this event can be found here.

Please take a look. If you then have any questions, on any topics covered in this newsletter, please give us a call for answers.

We’re here to help – on 01642 606003.

Latest news round up
Following the Budget in early March, the current Finance Bill was published on 11 March 2021. Since that date, a number of amendments have been made. Of the most significant, the following stand out in particular. Read More...
 
Non-resident SDLT surcharge now in effect
Since 1 April 2021, any non-UK resident purchasing UK residential property are liable to a 2% surcharge where the property is located in England or Northern Ireland, and cost more than £40,000. This applies to both individuals and companies. Read More...
 
Gift aid problems
Most people give to charity in one form or another at some point. This could be by donating unwanted clothes, books, and so on to the local charity shop. They can also be a donation via a site like Just Giving, or they may be ongoing payments by dire Read More...
 
VAT group registration
Reference is usually made to a VAT-registered business. However, this is not quite correct as it is the person, either real or legal, that is actually registered. For example, where sole trader has a number of different business activities it is not possi Read More...
 
June Questions and Answers
I've been going over some old tax returns to try to track down some capital losses. However, whilst doing this I've noticed that I missed including my considerable pension contributions off the 2018/19 return. From what I can see online, I've just missed Read More...
 
June Key tax dates
1 - Due date for payment of Corporation Tax for accounting periods ending 31 August 2020 | 7 - Electronic VAT return and payment due for quarter ended 30 April 2021 Read More...
 
About Us

Davies Tracey Accountants are based in Tees Valley, 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 daviestracey.co.uk for more information.

 

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