The transfer of a business as a going concern (TOGC) rules concern the VAT liability on the sale of a business. Normally the sale of the assets of a VAT registered or VAT registerable business will be subject to VAT at the appropriate rate. Where the sale of a business includes assets and meets certain…
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Tax Diary June/July 2023
1 June 2023 - Due date for corporation tax due for the year ended 31 August 2022. 19 June 2023 - PAYE and NIC deductions due for month ended 5 June 2023. (If you pay your tax electronically the due date is 22 June 2023). 19 June 2023 - Filing deadline for the CIS300 monthly…
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Green finance projects receive government backing
Homeowners who make their properties more energy efficient could see their mortgage rate cut under a new government-backed pilot. More than £4m has been awarded to green finance projects to support those who want to make environmentally friendly changes to their property. Perenna Bank will receive more than £193,000 in government funding to help develop…
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Paying work-related expenses? Do not forget to claim
Taxpayers are missing the chance to claim for work-related expenses – and many of those who do, fail to receive a full refund by using agents. Now HMRC has stepped in to remind workers that they can make their own claims directly through GOV.UK. More than 800,000 taxpayers claimed tax refunds for work expenses during…
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