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www.cga-york.co.uk 01904 720718

June Newsletter

21st June 2021 12pm

Dear all,

Welcome to our June Newsletter.

Weatherwise what a glorious June we have had so far.

We are really happy to say that Adam and Billy have returned to the office, Andrew will follow suit at the beginning of July and Melissa will return in September, although we hope that she will be spending some time in the office during the school holidays – which will soon be upon us.

It’s a bits and pieces newsletter this month but we hope you find it useful.

As always we are here to help and support you, so please do give us a call or drop us an email with any questions you may have.
 
Stay safe,

The Technical Stuff

and updates to business support information

Quick Reminders

  • P11D’s – The deadline to file is 6 July 2021.  The P11D form is used to report benefits in kind. These are items or services which your employees receive from you as their employer in addition to their salary, such as private healthcare, interest-free loans and company cars. The annual P11D form allows you to report these items to HMRC. As benefits in kind effectively increase your employee’s salary, there may be National Insurance Contributions (NICs) to be paid on them, although it’s important to note these contributions will be paid by the company, not the individual. –  If we prepare your payroll, we may undertake the preparation and filing of P11D’s for you – but you still need to ensure that you provide us with the correct information for benefits in kind provided to your staff including you if you are a director/employee of your company.    Please review the P11D checklist as soon as possible and let us know.
  • Tax Checklists – You will have all received your tax checklists by now– there are few additional questions this year concerning working from home, grant income and SEISS claims and a new section for those of you who receive income from holiday lets – thank you to those of you that have already completed and returned these together with your tax information.
  • CGA Secure Portal – You will shortly start to receive tax information from 3rd parties, such as pension or employment P60s, P11D’s, Consolidated Tax reports for investment portfolios, interest statements etc – please do use your secure portal to upload these documents as you receive them – then we all know where they are when we need them!

Extended Coronavirus Job Retention Scheme to 30th September 2021 – Update and Refresher

On 3 March 2021, at the Spring Budget, the Chancellor confirmed that the Coronavirus Job Retention Scheme (CJRS) will run until 30 September 2021. The latest extension to 30 September 2021 means the third version of the scheme will run for a total of 11 months.

Read more here

Self-Employed Income Support Scheme SEISS – Fifth Grant

The fifth grant will cover the period May 2021 to September 2021 – guidance for claiming should be available for the end of June. The fifth grant will be determined by how much your turnover has been reduced in the year April 2020 to April 2021 – more information will follow.

Read more here

Other News

The New Mortgage Guarantee Scheme

The mortgage guarantee scheme that was announced March 2021 is intended as a temporary measure. It is open for new mortgage applications from April 2021 to December 2022, in line with the government’s view that the current scarcity of high loan-to-value lending is primarily a response to the pandemic rather than a symptom of a longer-term structural change in the mortgage market.

Read more here

 

Government launches consultation on exit payments to farmers

The Government has (19 May) published a consultation on changes to the Basic Payment Scheme (BPS) to support farmers through the agricultural transition period from now until 2027 which will deliver a better, fairer farming system in England. The consultation will be open for 12 weeks and focuses on two key areas: Lump sum exit scheme and delinked payments.

Read more here

The Import One Stop Shop (IOSS)

As of 1 July 2021, there are changes to the way VAT is handled for online sales from businesses worldwide to consumers (that is, B2C) in the European Union (EU). The goal is to make life much easier for those eCommerce businesses selling to consumers across the EU’s national borders, and thereby facilitating trade. The changes can be utilised by businesses outside of the EU, including the UK.

Read more here

Data Protection

Everyone in business that handles personal data must register for data protection purposes with the Information Commissioners Office. Most business will need to pay an annual fee of £40 or £60 but this can rise to £2,900. Some organisations only pay £40 regardless of their size and turnover. These are: charities and small occupational pension schemes. If you need to register, there is an online process you can use here.

Advisory Fuel Rates from 1st June 2021

The advisory electricity rate for fully electric cars is 4 pence per mile. Hybrid cars are treated as either petrol or diesel cars for advisory fuel rates. The advisory fuel rates for petrol, LPG and diesel cars are shown in these tables.

From 1 June 2021

You can use the previous rates for up to 1 month from the date the new rates apply.
Find out more

And Finally….. Sponsor Opportunity

Some of you may know that CGA are the main sponsors for Selby Cricket Club and that Chelle spends a lot of time at the club during the cricket season (it is her 2nd home), volunteering, fundraising and keeping the books.

The club is seeking a 2-year junior section sponsor for the 2022 and 2023 season and have launched a raffle aimed at local businesses (although anyone can enter) – the cost of entry is only £25 – it’s a great way to support a local community sports club – more info can be found here.

Don’t forget! Our office closes at 2pm every Friday as a reward for our hard working team. If you urgently need to contact us, our mobile numbers are the best method when we are away from the office.
Copyright © 2021 Shared Equity Ltd T/A CGA, All rights reserved.
Our mailing address is: Shared Equity Ltd T/A CGA, 3&4 Park Court, Riccall Road, Escrick, York YO19 6ED United Kingdom

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