transitional period Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/transitional-period/ Chartered Accountants & Business Advisors Thu, 03 Dec 2020 15:27:13 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg transitional period Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/transitional-period/ 32 32 December 2020 https://www.wrloaccountants.co.uk/december-2020/ Thu, 03 Dec 2020 15:27:11 +0000 https://www.wrloaccountants.co.uk/?p=3301 In this month’s Enews we consider Brexit, the tax treatment of virtual Christmas parties and gifts to employees. We also update you on minimum wage increases, advisory fuel rates for company cars together with a warning to taxpayers to watch out for scammers posing as HMRC. With an extension to the Annual Investment Allowance cap and an update on Making Tax Digital for corporation tax there is a lot to update you on. Get prepared for the end of the Brexit transitional period Virtual Christmas parties will qualify for tax exemption Gifts to employees can be tax-free Minimum Wage Increases from April 2021 Advisory fuel rates for company cars Self assessment taxpayers warned to watch out for scammers posing as HMRC HMRC confirms MTD for corporation tax to be mandated from 2026 £1 million Annual Investment Allowance cap extended Get prepared for the end of the Brexit transitional period It is time to prepare for the end of the Brexit transitional period. Whilst the United Kingdom officially left the European Union (EU) on 31 January 2020, this prompted the start of an 11-month transitional period during which time the UK remains part of the Single Market, the EU Customs Union […]

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