Member Since: 9th Jul 2015
29th Jun 2020
I have a client that needs to set up their "CGT on UK Property Tax account" so that they can then authorise me as an agent.
To see what they would experience when attempting this (so that I could help them if needs be), I decided to try to set myself up (using my personal gov gateway account) and I keep getting "Sorry, we’re experiencing technical difficulties" error messages after I enter my login details.
Does anyone know if a completely new gov gateway account is needed for this service, or should existing personal accounts work? No one at HMRC can answer this.
30th Mar 2017
Sorry to bump it but just wondered if someone could check where I am going wrong on the company tax numbers for 2020/21 for salary levels of £75k and above.
Taking £75,000, the article states that annual taxation on the company basis falls from £20,684 in 2019/20 to £20,232 in 2020/21 as a result of the 2% cut in corporation tax. This is an increased saving of £452.
But I work out that the tax saved from 2019/20 to 2022/21 as £902, being:
Corporation tax charge savings on company profits of £66,836 @2% = £1,337
Additional income tax on higher dividend received of £1,337 @ 32.5% = (£435)
What am I missing?
I realise this is hardly a critical issue given the numerous other changes that will be introduced between now and 20/21 (and then no doubt reversed and then re-introduced again), but it was driving me slightly crazy.