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01/07/2020

July Tax Tips & News

Welcome to the Stevenson & Kyles Chartered Accountants 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!
Change to partial exemption VAT treatment
HMRC have released guidance on changes to their policy for businesses who supply goods by way of hire purchase agreements. Read More...
 
FTT publishes practice statement on ADR
The First-tier Tribunal (FTT) has published a practice statement setting out its practice in appeals against HMRC decisions where the parties wish to engage in Alternative Dispute Resolution (ADR) after an appeal has been made to the Tribunal. Read More...
 
Business asset disposal relief update
The Spring Budget 2020 announced a significant restriction on future availability of entrepreneur's relief (ER) for individuals who dispose of all or part of their business, individuals who dispose of shares in their personal company, and trustees who dis Read More...
 
Advisory fuel rates update
HMRC publish rates that can be used by employers wishing to pay their employees the cost of fuel for business journeys in company cars (or, where the employer initially pays Read More...
 
July questions and answers
Q. I have been contacted by coronavirus (COVID-19) Test and Trace. Am I eligible for statutory sick pay (SSP) from my employer? Read More...
 
July 2020 Key tax dates
5 - Deadline for PAYE settlement agreement for 2019/20 6 - Deadline for 2019/20 forms P11D and P11D(b) to be submitted and copies of P11D to be issued to relevant employees Read More...
 
Summer Economic Statement 2020
In his first response to the coronavirus (Covid-19) outbreak back in March, Chancellor Rishi Sunak said that the Government would do 'whatever it takes' to support the country through the pandemic. Read More...
 

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