Moore Accountancy October 2021 Newsletter
View this email in your browser

Moore Accountancy Update


I usually like October, (children have settled back to school, nice Autumnal walks at the weekend, it's my birthday month!) but this month hasn't started too well with Covid-19 hitting the Moore household. This means that the team are back home working 100%, and I'm writing this newsletter from my bed! 

Here's hoping that next week brings some normality....

Now that the team are back from holidays, we are continuting to work on a FIFO basis for clients Self Assessment Tax Returns. If you haven't sent through your information yet, then Susie may be contacting you.

We have decided to retain the changes we introduced last year around fees, in the hope that they will continue to benefit our clients and ensure the wellbeing of our staff.
  • Clients who submit their information between 01/11/21 and 05/12/21 will pay an additional 10% fee.
  • Clients who submit their information between 06/12/21 and 03/01/22 will pay an additional 20% fee.
  • Clients who submit their information after 03/01/22 and want it submitting before the 31st January deadline will pay an additional 30% fee. 
Where clients have self employed income which does not align to the tax year, or foreign income with reliance on tax deadlines being different from the UK; then the above fees will not apply as long as all other information is received in advance.

If you would like the use of home or the self assessment checklist resending, please contact us and we can email them over.

The Autumn Budget is set for 27/10/21, so we will be sending our next update in early November to cover this.

Moore Accountancy will continue with hybrid working for the forseeable future, as on the whole it works with the team dynamics and their welfare, both mentally and physically.

Emails will continue to be passed to the relevant team member and dealt with as if they were in the office.

If you have missed any of our previous newsletters, then our website has a backlog of them here.

Having listened to feedback from businesses and the accounting profession, the government have announced that they will introduce Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) a year later than planned, in the tax year beginning in April 2024.

This will give the self-employed and buy to let landlords an extra year to prepare for the digitalisation of Income Tax and also allow HMRC more time for customer testing of the pilot system.

The start date for partnerships to join MTD for ITSA has been put back still further to the tax year beginning in April 2025.

There has been no change to the £10,000 per annum gross income threshold which means that most self-employed traders and buy to let landlords will be mandated to comply with MTD for income tax from April 2024.

We will be writing to affected clients as and wnen their Self Assessment Tax Returns have been filed to highlight this situation.

See: Businesses get more time to prepare for digital tax changes - GOV.UK (


Last month, the Government annouced a 1.25% rise in NIC and dividend tax from 6/4/22, as part of their NHS healthcare plan.

This will affect:
  • Class 1 Employer
  • Class 1a Employer on BIKs
  • Class 1 Employee
  • Class 4 Self Employed
  • Dividend Tax
  • S455 overdrawn Directors Loan Account Tax
It will also affect individuals working above the State Pension Age.

It will be important for employers to consider this in any forecast or budget planning and for directors to consider how they are extracting funds from their companies.

There is UK Government support available for employees through the JobHelp website, offering a range of support, training and advice, to help people find their next opportunity.

This includes the Kickstart scheme and other Plan for Jobs support measures, along with advice on learning new skills and sectors which are recruiting. 

See here for guidance

05/10/21 - Deadline for notifying HMRC of chargeability for 2020/21 if not within Self-Assessment and  receive income or gains on which tax is due

14/10/21 - Final date for CJRS Furlough grant claims for September 2021

19/10/21 - PAYE & NIC deductions for month ended 05/10/21 (September payroll) - most common for quarterly payers

31/10/21 - Corporation tax due for year to 31/01/21 

31/10/21 -  Self Assessment Tax Returns - paper returns deadline including those for Estates and Trusts

19/11/21 - PAYE & NIC deductions for month ended 05/09/21 (October payroll) 

30/11/21 - Corporation tax due for year to 28/02/21
For any businesses struggling with payments, please contact HMRC to see if they will agree a Time To Pay arrangement -
Copyright © 2021 Moore Accountancy Limited, All rights reserved.

Our mailing address is:

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list

This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
Moore Accountancy · 1 Northway · Altrincham · Cheshire, WA14 1NN · United Kingdom

Email Marketing Powered by Mailchimp