Tax Tips & Newsletter

02920 777 756

hayvenhursts.co.uk

Why UsServicesResourcesNewsBlogVacanciesContactClient Area
Accountants South Wales
01/03/2021

March Tax Tips & News

Welcome to the Hayvenhursts 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!

Latest news round up
There have been relatively few announcements related to Covid-19 support this month. The only real announcement of note was an amendment to the terms of the Pay As You Grow scheme for repaying Bounce Back loans. Under the revised rules, a borrower will be Read More...
 
Import One-Stop Shop
One of the consequences of Brexit is that exports of goods from GB to customers based in the EU are now zero-rated as far as UK VAT is concerned. However, if the consignment is valued at more than €22 there will be an import VAT liability at the other end Read More...
 
Reporting Covid-19 support payments
A business receiving support payments for Covid-19 needs to ensure the receipt is correctly recorded as taxable income for corporation tax purposes. For unincorporated businesses using the cash basis, this is straightforward enough. However, where the acc Read More...
 
Venture Capital Trusts - are the dividends exempt?
it is easy to look at a dividend statement from a VCT and think "It's exempt" and simply file it away. Of course, in most cases this is probably sufficient. However, sometimes a little more care is needed. Dividend exemptio Read More...
 
March questions and answers
I am looking at buying a rundown pub/restaurant ready for this summer, assuming it will be allowed to open. I need to spend approximately £100,000 on building works. Can I register for VAT straightaway or do I need to wait until I open? Yes, you can reg Read More...
 
March Key tax dates
1 - Due date for payment of Corporation Tax for accounting periods ending 31 May 2020. 1 – New rules on domestic reverse charge for the construction industry take effect. 7 - Electronic VAT return and payment due for quarter ended 31 January 2020. 15 – Read More...
 
March 2021 Budget
The 2021 Budget took place on 3 March 2021. Chancellor Rishi Sunak announced that, as a result of the Covid-19 crisis, GDP shrank by 9.9% in 2020, the largest annual fall in 300 years according to a Bank of England report, albeit lower than the 11.3% fore Read More...
 
About Us

Hayvenhursts Accountants are based in Cardiff, working with clients throughout South Wales and offering business owners and individuals a wide range of services. All clients are entitled to work delivered on time and unlimited phone support. Visit our website for more information.

 

Copyright © 2024 Hayvenhursts. All rights reserved.

Fairway House Links Business park St Mellons Cardiff CF3 0LT

Hayvenhursts is a trading name of Hayvenhursts Limited