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01/08/2021 |
August Tax Tips & News
Welcome to the Nigel B Butler Limited 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!
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| Latest news round-up |
COVID-19 From 1 August the government contribution will fall to 60%, meaning the employer will need to pay 20% to ensure the employee receives their entitlement of 80% (subject to a £2,500 per month). This will remain in place unti Read More... |
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| Investors' Relief - the forgotten CGT break? |
| Investors' Relief (IR) was introduced in April 2016 to complement what was then called entrepreneurs' relief. IR is intended to encourage outside investment into smaller entrepreneurial companies by those investors who may not wish to get involved with th Read More... |
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| Invalid VAT invoices |
| One of the fundamental requirements for re-claiming input tax on a VAT return is the need to have a valid VAT invoice. A valid invoice must include certain requisite information, such as details of the goods or services purchased, the VAT registration num Read More... |
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| Tax-Free Childcare and summer activities |
| HMRC has issued a reminder to working parents that Tax-Free Childcare (TFC), the scheme the government phased in between 2017 and 2018, is not just for "traditional" childcare costs, such as regular hours after school during term time. It's also possible Read More... |
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| August Questions and Answers |
| Q. My partner has been suffering with "long COVID" for several months, and unfortunately has had to leave her job as a result. As our son is in his second year of university, we can't really afford the drop in income, and so I am taking a second job. The Read More... |
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| August Key tax dates |
| 1 - Due date for payment of Corporation Tax for accounting periods ending 31 October 2020 | 2 – P46 (Car) deadline for quarter to 5 July 2021 | 7 - Electronic VAT return and payment due for quarter ended 31 June 2021 | 16 – Claim deadline for employers fo Read More... |
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| About Us |
Nigel B Butler Limited are a local accountancy practice based in West Swindon, offering business owners and individuals a wide range of accountancy and business advisory services for over 25 years. Please visit our website nigelbutler.co.uk for more information.
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Copyright © 2024 Nigel B Butler Limited. All rights reserved.
Basepoint Business Centre, Rivermead Drive, Swindon, SN5 7EX
Nigel B Butler Limited is a trading name of NIgel B Butler Limited Chartered Certified Accountants
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