The following Corporation Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
It is a mark of the wholly extraordinary times in which we live that the Chancellor had to give us the reassurance that we could ‘enjoy summer safely’, and we are sure that when he was appointed to office he could never have dreamt that he would be announcing a scheme under which the Government would be subsidising restaurant meals. The sheer scale of the financial support to underpin jobs takes the breath away, but given that the economy shrank 25% between February and April, intervention to prevent massive unemployment was inevitable. All of this will come at a price. The Chancellor confirmed that there will be a Budget in the Autumn and it is hard to think that this will not mark the start of the clawbac
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login
There are several sets of provisions in the Taxes Acts which relate to ‘close’ companies, most of which are anti-avoidance measures aiming to catch transactions between those companies affected and their owners, where there may otherwise be a tax advantage. Broadly speaking, most owner-managed or
Normal due dateIndividuals are required to pay any outstanding income tax and Class 4 National Insurance, Class 2 National Insurance, and capital gains tax due for the tax year by 31 January following the end of the tax year (ie 31 January 2021 for the 2019/20 tax year). From 6 April 2020, UK
Maintenance payments are payments made by a taxpayer to their former or separated spouse for the maintenance of that former spouse or their children. To obtain any tax relief for maintenance payments, one of the couple must have been born before 5 April 1935 and the payments must be made by virtue
From 6 April 2015, an individual can elect to transfer 10% of the personal allowance (£1,250 in 2020/21 and 2019/20) to the spouse or civil partner where neither party is a higher rate or additional rate taxpayer. The legislation calls this the ‘transferable tax allowance’ but the GOV.UK website
To view our latest tax guidance content, sign in to Tolley Guidance or register for a free trial.