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21-01-2021
Government help for people in debt

Government help for people in debt

New government proposals have been published that look at further extending debt solutions to help more people suffering from problem debts. The proposals specifically look at … read more

21-01-2021
Online tax payment plans

Online tax payment plans

New figures published by HMRC have revealed that some 25,000 taxpayers have set up an online payment plan to manage their tax liabilities spreading payments of £69 million for up … read more

21-01-2021
Tax when you sell shares

Tax when you sell shares

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% when you sell shares unless they are in a CGT free wrapper such as an ISA or pension.

If you only pay … read more

21-01-2021
Tax returns filing deadline is fast approaching

Tax returns filing deadline is fast approaching

The approaching deadline for submitting 2019-20 Self-Assessment tax returns online is 23:59 on Sunday, 31 January 2021. The filing deadline is not just the final date for … read more

21-01-2021
Simplified expenses motor vehicles

Simplified expenses motor vehicles

There are simplified arrangements in place for the self-employed (and some partnerships) to claim a fixed rate deduction for certain expenses where there is a mix of business and … read more

21-01-2021
Striking companies from Companies Register

Striking companies from Companies Register

There are a limited range of circumstances when a company can request to be removed from the register (known as being struck off). For example, a voluntary strike off can be … read more

21-01-2021
Basics of CGT Rollover Relief

Basics of CGT Rollover Relief

Business Asset Rollover Relief is a valuable relief that allows you to defer payment of CGT on gains made when you sell or dispose of certain assets and use all or part of the … read more

19-01-2021
Government tackles late payment to small firms

Government tackles late payment to small firms

The Government has announced an overhaul of the Prompt Payment Code (PPC).

Under the new reforms, companies that have signed up to the PPC will be obliged to pay small businesses … read more

18-01-2021
Rights to regenerate

Rights to regenerate

We will soon have the rights to turn derelict buildings into homes and community assets. In a recent press release the Ministry of Housing said:

The public will be able to convert … read more

14-01-2021
Rogue employers named and shamed for failing to pay minimum wage

Rogue employers named and shamed for failing to pay minimum wage

139 employers, including some of the UK’s biggest household names, have been named and shamed in a government press release for failing to pay £6.7 million to over 95,000 workers … read more

14-01-2021
CJRS guidance on who can be furloughed

CJRS guidance on who can be furloughed

HMRC’s guidance on which employees can be placed on furlough using the Coronavirus Job Retention Scheme has been updated. The scheme will continue until at least 30 April 2021. … read more

14-01-2021
VAT Reverse charge for construction sector

VAT Reverse charge for construction sector

A further reminder that new VAT rules for building contractors and sub-contractors will come into effect from 1 March 2021. The new rules were originally expected to commence from … read more

14-01-2021
Have you paid your Data Protection Fee?

Have you paid your Data Protection Fee?

The Information Commissioner’s Office (ICO) is the independent regulatory office in charge of upholding information rights in the interest of the public. Under the Data Protection … read more

14-01-2021
Tax and duties for goods sent from abroad

Tax and duties for goods sent from abroad

Following the end of the Brexit transition period new rules regarding tax and duty apply to goods sent to the UK from the EU. These changes are to ensure that goods from EU and … read more

14-01-2021
New IPO search facility

New IPO search facility

The Intellectual Property Office (IPO) is the official UK government body responsible for intellectual property (IP) rights including patents, designs, trademarks and copyright. … read more

14-01-2021
IHT Main Residence Nil Rate Band

IHT Main Residence Nil Rate Band

The Inheritance Tax residence nil-rate band (RNRB) is a transferable allowance for married couples and civil partners (per person) when their main residence is passed down to a … read more

14-01-2021
Tax on an inherited private pension

Tax on an inherited private pension

Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any, tax will be payable on an inherited private pension. The person who died … read more

12-01-2021
Testing for international arrivals

Testing for international arrivals

Passengers arriving from all international destinations will be required to present a negative COVID-19 test result before departing for England to help protect against new strains … read more

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  • ABOUT US

    the accountancy practice kent logo

    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

    21-01-2021
    Government help for people in debt

    New government ... read more

    21-01-2021
    Online tax payment plans

    New figures ... read more

    21-01-2021
    Tax when you sell shares

    Capital Gains Tax ... read more

    More news

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    West Malling
    Kent ME 19 4YU

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    info@theaccountancypracticeltd.co.uk


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    By working more closely with you than traditional accountants, The Accountancy Practice is able to gain a deeper understanding of your individual business needs. We are then on hand to support you with day to day issues and provide ongoing financial and taxation expertise. You can think of us as your virtual Financial Director.