Capital Gains Tax (CGT) return on UK residential property disposal – deadline extension

As announced in the Autumn Budget 2021, UK residents (individuals, trustees and personal representatives) disposing of UK residential property resulting in a CGT liability will have 60 days from completion to deliver a CGT return and make a payment on account, extending the deadline from 30 days. This will apply to UK residential property disposals […]

Read More

Valuable tax relief through the Enterprise Investment Scheme

The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) offer valuable tax relief for individuals subscribing for shares in new companies: Income tax relief – 30% tax relief on the amount invested for EIS and 50% for SEIS. Capital Gains Tax (CGT) exemption – The sale of shares is exempt from CGT. CGT […]

Read More

A Reminder – Reporting deadlines and requirements

If you are considering submitting a 2020/21 Paper Tax Return to HMRC, do not forget that the deadline for submission is 31 October 2021.  HMRC do not issue Paper Returns automatically to encourage electronic filing by 31 January following the year-end (31 January 2022 for 2020/21 Tax Returns). Extensions to the Reporting Deadline If your […]

Read More

Kilsby Williams eyes further expansion on the back of client wins

Leading independent accountancy firm, Kilsby Williams, is celebrating its 30th year with significant client gains and exciting recruitment plans. Kilsby Williams, which was launched in 1991, has seen record growth in the past six months with many lucrative client wins including both Newport and Cardiff Bus, Fordthorne, Pensord Press, Poundstretcher and London-based Cutler and Gross. […]

Read More

How to strengthen your balance sheet

Reasons to strengthen your company’s balance sheet Your balance sheet is one of many documents that are filed and made public via Companies House. As such it provides the outside world with a summary of your company’s financial position, including assets and liabilities, at a fixed moment in time. It’s there, generally on display for […]

Read More

HMRC to increase action against potential fraud

It has been reported recently that the government will invest over £100m to combat the estimated £3.5 billion fraudulent claims of Covid-19 support packages. This will involve a team of more than 1,000 HMRC staff. Clearly, there is an intention to investigate fully all areas of concern. However, currently big business investigations are already taking […]

Read More