Taxation
Budget 2021
Today the Chancellor of the Exchequer, Rishi Sunak, announced his Budget for 2021. The Budget comes as official figures show the UK economy contracted by 9.9%
3 March, 2021
No Comments
Menu
Credit Union Tax
Key features of our Credit Union Tax Service
Our tax team are experienced at assisting Credit Unions with a wide range of tax issues including:
Corporation Tax Returns
Not all income is exempt and as Credit Unions diversify their activities more activities will fall within the charge to taxation.
Other Returns
Credit Unions are required to complete other returns such as dividend returns. We are experienced at advising on these returns.
Lotteries
It is important that these are set up properly otherwise it can lead to higher taxation charges. We have been involved with the setup of a number of Credit Union lotteries.
Employee benefits
The taxation charge on termination payments to employees can be complicated. In addition, different benefits payable to staff and Directors can lead to PAYE costs
Carole Connor
Partner
carole.connor@alexandersloan.co.uk
Corporation tax rates
Click here for corporation taxation rates and deadlines (via Alexander Sloan main website)
Personal tax rates
Click here for personal taxation rates and information (via Alexander Sloan main website)
Tax articles
Taxation
Budget 2020
The Budget had some big news for Credit Unions. The Chancellor announced that the Government was bringing forward reforms to the Credit Union Act to
11 March, 2020
No Comments
Credit Union Tax Misconceptions
This month we have a look at some of the common misconceptions regarding the tax rules for Credit Unions. Question- Credit Unions only pay tax
27 November, 2018
No Comments