Posted in Business Support
A few housekeeping tips for readers with buy to let or holiday let properties to think about and action – if applicable – before the end of the current financial year, 5 April 2021.
Buy-to-let
Have you experienced a drop in rental income since
Continue readingPosted in Tax Diary
1 February 2021 – Due date for Corporation Tax payable for the year ended 30 April 2020.
19 February 2021 – PAYE and NIC deductions due for month ended 5 February 2021. (If you pay your tax electronically the due date is 22 February 2021)
19
Continue readingPosted in Income Tax
The High Income Child Benefit Charge (HICBC) could apply to your clients if their income exceeds £50,000 for the first time this year and they are in receipt of child benefit. The charge effectively claws back the financial benefit of receiving child
Continue readingPosted in National Insurance
The Employment Allowance allows eligible employers to reduce their National Insurance liability. The allowance increased to £4,000 (was £3,000) from 6 April 2020. An employer can claim less than the maximum if this will cover their total Class 1 NIC
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