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If you have completed a self-assessment tax return for 2020/2021 or 2021/2022 you may be due to make a payment on account by 31st July 2022. Not everyone is expected to make July payments on account, if you are unsure the following information may help you to...

If you are an employer and you provided your employees with taxable benefits and/or expenses in the 2021/22 tax year, you will need to pay your Class 1A National Insurance contributions by 22 July 2022 (19 July 2022 if you pay by cheque). In this short update we...

From April 2024, landlords with rental income in excess of £10,000 per annum will need to submit quarterly returns of income and outgoings to HMRC using their Making Tax Digital (MTD) links. This will not apply to property owners who run their property business using...

With inflation hitting a 30-year high of 6.2% in February, the Chancellor has been under pressure to deliver something resembling a mini-Budget in this years Spring Statement, which usually is only intended to be an economic update. Sunak's responded to the cost of...

The events in Eastern Europe in recent days have focused our attention on the plight of displaced persons in Ukraine and how we might donate to ease their suffering. This blog sets out the tax relief you can claim should you donate to charities helping Ukraine or...

Looking for a new job in the new year? - Join our team! Price Davis is an established and forward thinking accountancy practice based in Painswick, easily accessible from Cheltenham, Gloucester and Stroud. We are keen to recruit a Personal Tax Senior to work with our...

What is the Business Recovery Loan? In the March Budget, Chancellor Rishi Sunak stated: “As the Bounce Back Loan and Coronavirus Business Interruption Scheme (CBILS) come to an end, we are introducing a new Business Recovery Loan Scheme to take their place.” Under the...

What is the SEISS? The Self-Employed Income Support Scheme (SEISS) was offered to self-employed individuals who lost income, due to COVID-19 outbreak and the subsequent restrictions imposed.  These grants are designed to ‘supplement’ the income of self-employed...