Month: September 2020

HomeSeptember 2020

UK residence and tax

Your UK residence status affects whether you need to pay tax in the UK on your foreign income. For example, non-residents only pay tax on their UK income - they do not pay UK tax on their foreign income. Whereas...

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VAT deregistration strategy

If you are presently registered for VAT but your turnover has dropped below £83,000 you could deregister for VAT. However, you do not have to deregister. Disadvantages and advantages of deregistration If you buy significant amounts of goods and services...

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Redundancy pay

If you are faced with making employees redundant, the terms that determine the amount payable may be written into your staff contracts of employment. Otherwise, employees will normally be entitled to statutory redundancy pay if they have been working with...

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Tenants protection under the Coronavirus Act 2020

From the 26 March 2020, the following rights of landlords and tenants regarding eviction apply. A summary of the provisions is set out below: The Coronavirus Act 2020 protects most tenants and secure licensees in the private and social rented...

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Tax Diary September/October 2020

1 September 2020 - Due date for Corporation Tax due for the year ended 30 November 2019. 19 September 2020 - PAYE and NIC deductions due for month ended 5 September 2020. (If you pay your tax electronically the due...

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