2021-22 Update: Finance Act 2021

by accountingcpd

The Finance Act 2021 introduces some notable changes and amendments to various areas of tax. This course provides an overview of the changes to keep you up to date with the latest amendments to rates, allowances, deductions and changes and extensions to numerous schemes.

This course is not currently available

This course will enable you to

  • Keep up to date with the latest changes to the rates, allowances and thresholds included in Finance Act 2021
  • Discover the changes made to off-payroll working rules
  • Understand what the temporary extension to corporation tax losses carry back rules means for your clients
  • Familiarise yourself with a range of allowances and deductions including cycle to work and the new super deduction
  • Reflect on what the extension of SITR and recent changes to the CIS means for organisations

About the course

The Finance Act 2021 introduces some notable changes and amendments to various areas of tax, and now is an ideal time to ensure you are familiar with these, especially as government attention turns to post-pandemic financial recovery. The numerous changes and extensions announced makes it important that you're up to date.

This course provides an overview of the key changes and updates contained in the Finance Act 2021, including a discussion on rates and allowances in areas like income and corporation tax. You'll gain an understanding of what the off-payroll working and the extension to the loss relief carry back rules changes and other schemes mean for your organisation or clients. Discover updates to various allowances and deductions including capital allowances and SDLT, whilst also exploring the extension of SITR and tax checks for licences.

Look inside

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Contents

  • Rates and allowances
    • Income tax
    • Rates and allowances
    • Corporation tax rates
    • Small profits rate of CT
    • Inheritance tax
    • Plastic packaging tax
  • Rule changes
    • Off-payroll working
    • Other changes to the IR35 rules
    • Extension to the loss relief carry back rules
    • Freeports
    • Freeport reliefs
    • VAT and the hospitality sector
  • Allowances and deductions
    • Cycle to work scheme
    • Zero-emissions vans
    • The super deduction
    • The SR allowance
    • Stamp taxes
    • Higher rates
  • Extensions and tax checks
    • Extension of SITR
    • Changes to the CIS
    • Contractors and sub-contractors
    • Verification and returns
    • Tax checks for licences
    • Who do the new rules affect?
    • ATED update

How it works

Author

accountingcpd

This course has been written by the accountingcpd author team.

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This course is not currently available. To find out more, please get in touch.