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11-12-2019
PAYE payment dates

PAYE payment dates

We would like to remind employers about the electronic PAYE payment dates. The due date for electronic PAYE payments falls on the 22nd of the month and when a payment is made … read more

11-12-2019
Capital Gains Tax reliefs for businesses

Capital Gains Tax reliefs for businesses

If you are in business as a self-employed sole trader or as part of a partnership, then you will be liable to pay Capital Gains Tax (CGT) if you make a profit selling all or part … read more

11-12-2019
Basic Income Tax reliefs

Basic Income Tax reliefs

As we are now almost three-quarters of the way through yet another tax year it can be useful to consider the benefits of basic Income Tax reliefs. This will help ensure that your … read more

11-12-2019
Basic Corporation Tax reliefs

Basic Corporation Tax reliefs

There are a significant number of reliefs that can reduce the amount of Corporation Tax your company needs to pay on profits made. Your company can also claim Capital Allowances … read more

11-12-2019
VAT Flat Rate Scheme capital expenditure

VAT Flat Rate Scheme capital expenditure

The VAT Flat Rate scheme (FRS) has been designed to simplify the way a business accounts for VAT and accordingly, reducing the administration costs of complying with the VAT … read more

11-12-2019
Inheritance Tax Agricultural Property Relief

Inheritance Tax Agricultural Property Relief

There are a number of reliefs available that can reduce liability to IHT. The most relevant for farmers is the Agricultural Property Relief (APR). Relief is available at a rate of … read more

11-12-2019
When National Insurance Credits can be claimed

When National Insurance Credits can be claimed

National Insurance credits can help qualifying applicants to fill gaps in their National Insurance record. This can assist taxpayers to build up the amount of qualifying years of … read more

11-12-2019
X-factor Charity single

X-factor Charity single

The Government will waive the VAT equivalent on the sales of this year’s X Factor Celebrity Christmas Charity single. All proceeds from the sale of the single are going to … read more

05-12-2019
Updated calculator on calculating holiday entitlement

Updated calculator on calculating holiday entitlement

The Government has published a revised holiday entitlement calculator, intended as a temporary replacement while the original calculator “undergoes maintenance”, to … read more

04-12-2019
Shared parental leave entitlements

Shared parental leave entitlements

The shared parental leave and pay rules offer working parents’ far greater choice as to how they share the care of their child and take time off work during the first year of … read more

04-12-2019
Child Benefit tax charge

Child Benefit tax charge

The High Income Child Benefit tax charge could apply to you or your partner if either of your individual taxable earnings exceeds £50,000 and you are in receipt of child … read more

04-12-2019
Loss of tax personal allowance

Loss of tax personal allowance

If your income is expected to exceed £100,000 for the first time, we would like to remind you of the effects this can have on your personal allowance and marginal tax … read more

04-12-2019
New advisory fuel rates published

New advisory fuel rates published

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used by employers who reimburse employees for business travel in … read more

04-12-2019
Accounting periods if company has two or more trades

Accounting periods if company has two or more trades

A tax accounting period for Corporation Tax purposes cannot exceed a 12 month period. If company accounts cover less than 12 months then the accounting period will normally end on … read more

04-12-2019
Income excluded from property business

Income excluded from property business

HMRC publishes a list of income streams that are excluded from a UK property businesses' taxable income. The list includes fishing concerns, hotels and guest houses, tied … read more

04-12-2019
When Inheritance Tax applies to pensions

When Inheritance Tax applies to pensions

Inheritance Tax (IHT) is levied on a person’s estate when they die and can also be payable during a person’s lifetime on certain trusts and gifts. The rate of … read more

28-11-2019
Tax Diary December 2019/January 2020

Tax Diary December 2019/January 2020

1 December 2019 – Due date for Corporation Tax payable for the year ended 28 February 2019.

19 December 2019 – PAYE and NIC deductions due for month ended 5 December 2019. (If you … read more

27-11-2019
Affected by the recent floods?

Affected by the recent floods?

The Government has put a number of emergency flood measures in place to help those affected by the recent devastating floods. This includes 100% council tax and business rates … read more

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  • ABOUT US

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    The Accountancy Practice is a Kent based firm specialising in small and medium sized businesses. We provide a friendly, professional service and regard our smallest client as important as our largest.
  • Latest News

    11-12-2019
    PAYE payment dates

    We would like to ... read more

    11-12-2019
    Capital Gains Tax reliefs for businesses

    If you are in ... read more

    11-12-2019
    Basic Income Tax reliefs

    As we are now almost ... read more

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    10 Churchill Square
    Kings Hill
    West Malling
    Kent ME 19 4YU

    01732 897929

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    info@theaccountancypracticeltd.co.uk


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