Blog – Page 11 – Sutton Coldfield Accountancy

VAT Registration

Written by Tony Shackleford on March 29, 2021.

HMRC have announced that they are going to undertake a campaign to target businesses which have sales in excess of the VAT threshold, but which are not registered for VAT. The current VAT registration...

VAT registration

Capital allowance for Vehicles

Written by Tony Shackleford on February 26, 2021.

From 1 April 2021 100% first year allowances are only available for electric cars or cars having zero CO2 emissions. For cars having CO2 emissions of up to 50g, writing down allowances of 18% are available For...

capital allowances, FYA on cars, low emission car tax

Making Tax Digital Rollout

Written by Tony Shackleford on February 12, 2021.

Making Tax Digital (MTD) is the governments plan for ensuring that businesses record their transactions digitally and submit quarterly information to HMRC. The long term goal of the government is to ...

Making Tax digital, MTD, MTD for Corporation tax, MTD for Income Tax

Construction Industry Scheme VAT Reverse Charge (RC)

Written by Tony Shackleford on February 3, 2021.

The way VAT is charged for supplies made under the Construction Industry Scheme (CIS) changes from 1 March 2021. For supplies covered by the change, no VAT should be charged on invoices raised by the...

CIIS and VAT, Reverse charge, VAT reverse charge

VAT following Brexit

Written by Tony Shackleford on November 9, 2020.

Following on from Brexit in January 2020, from 1 January 2021 the UK will end its period of being outside of the EU but following EU trade rules. After this date sales to the EU will termed exports...

Brexit, Distance Sales, Vat

Taxation of double cab pickups and combi vans

Written by Tony Shackleford on August 14, 2020.

In a Court of Appeal (CA) ruling dated 20 July 2020, the court ruled that three types of modified crew cab vehicles are cars rather than vans. This ruling concerns a long running case between Coca Cola...

annual investment allowance, capital allowances, company cars; caompany vans, double cab pickups

Research and Development Grants

Written by Tony Shackleford on August 3, 2020.

Additional tax relief is available to small and medium sized businesses in respect of Research and Development (R&D) expenditure. The R&D relief provides an enhanced 230% deduction from taxable...

Corporation tax, R&D, Research and development

Private Sector IR35 Changes

Written by Tony Shackleford on July 6, 2020.

Reforms to the off-payroll working rules ( IR35 rules) , which will see them extended to the private sector next year, are to go ahead as planned. The changes will come into effect on 6 April 2021.

IR35, Off payroll working

Holiday Pay Entitlement

Written by Tony Shackleford on May 11, 2020.

For several years all UK full time employees have been entitled to a minimum of 28 days paid annual leave per year. Part time employees entitlement is similar, hence a part time employee who works two...

Holiday pay

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