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This Month's Tax Tips and News

Access all our archived tax news

May 2021

  • Latest news round up

    The extension of the off-payroll working rules to medium-sized and large organisations finally took effect on 6 April. The responsibility for making an employment status determination for each...

  • Student loans for 2021-22

    Starting from 6 April 2021, there is a new type of undergraduate student loan that employers need to be aware of when operating payroll - the Plan 4 loan (SLP4). The new plan type has been necessary...

  • Debt factoring and VAT

    Due to the coronavirus, many businesses are experiencing cash flow issues as their customers struggle to make payments in good time. A range of banks offer debt factoring as a way of improving the...

  • Making Tax Digital

    From 1 April 2021, all compulsorily VAT-registered businesses that submit electronic VAT returns are required to digitally link the business records to their VAT returns. This must be done by using...

  • May questions and answers

    Q. I am newly VAT-registered (voluntarily). I believe that I will usually need to pay VAT to HMRC each quarter, rather than receiving a refund. However, I have some concerns about running up arrears...

  • May Key tax dates

    1 - Due date for payment of Corporation Tax for accounting periods ending 31 July 2020 ...

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