PAYE – Pay it on time!
As with most taxes, if payment is late, interest is charged and sometimes penalties too. PAYE can be paid monthly […]
Tax
The Autumn Statement
The Chancellor, Jeremy Hunt, will present the Autumn statement to Parliament on 22 November 2023. This is likely to announce
When tax planning goes wrong…
Lord Alan Sugar was in the news recently regarding an unexpected tax bill – £186 million. This was tax on
Might the VAT flat rate scheme be beneficial to your business?
If you use the Flat Rate Scheme, you charge VAT to your customers (‘output VAT’) and pay VAT to your
Benefits in Kind –P11d or PAYE Settlement agreement?
Many businesses will provide certain benefits to their employees that are intended to motivate or incentivise them, such as staff
The cash basis for unincorporated businesses to calculate profits – is it worthwhile?
The cash basis has been in existence for 10 years now, and it is a “simplified” regime to calculate taxable
How often do you need to locate your National Insurance number? It’s saved somewhere…!
HMRC customers with an Apple iPhone can now store their National Insurance number in their Apple Wallet either online or
Company accounts disclosures – more details will be in the public domain shortly
The Economic Crime and Corporate Transparency Bill has been through the House of Commons and is at Report stage in
Is a tax return still needed to be filed with HMRC?
From tax year 2023 to 2024 onwards, the Self-Assessment threshold for HMRC customers taxed through PAYE only, has changed from
Benefits provided to employees and directors? The P11d forms need to be submitted online
The deadline for filing the P11d forms to report benefits in kind in respect of directors and employees for 2022/23