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annual tax

Tax Diary May 2019

Important tax dates for your May diary

Self Assessment Update

On Friday 1st February, HMRC announced that over 93% of taxpayers filed their self-assessment tax returns on time and before the 31st January deadline.

Self Assessment Update

On Friday 1st February, HMRC announced that over 93% of taxpayers filed their self-assessment tax returns on time and before the 31st January deadline.

Ministers considering over 40’s tax

Ministers in the United Kingdom are considering new ways to fund the increasing cost of social care.  One of the suggested methods has been successfully used in Germany for nearly two decades and involves placing a 2.5% levy onto the income and earnings of those aged over 40.

Ministers considering over 40’s tax

Ministers in the United Kingdom are considering new ways to fund the increasing cost of social care.  One of the suggested methods has been successfully used in Germany for nearly two decades and involves placing a 2.5% levy onto the income and earnings of those aged over 40.

Tax Diary January 2019

See important tax dates for January here.

Tax Diary January 2019

See important tax dates for January here.

January is here - completing your self assessment tax return

As the year draws to a close, the thought of your tax return is there, at the back of your mind. But with so much time before the deadline, you decide not to worry about it for now.

January is here - completing your self assessment tax return

As the year draws to a close, the thought of your tax return is there, at the back of your mind. But with so much time before the deadline, you decide not to worry about it for now.

How to spot a HMRC scam

Fraudsters will disguise themselves as HMRC and other government departments/professional bodies to: •    Obtain personal details which they will sell or use for identity theft, •    Coax victims into handing over money, •    Use victims’ details to steal money from their accounts.   

How to spot a HMRC scam

Fraudsters will disguise themselves as HMRC and other government departments/professional bodies to: •    Obtain personal details which they will sell or use for identity theft, •    Coax victims into handing over money, •    Use victims’ details to steal money from their accounts.   

Have you received a PPI refund?

If you have received a refund from a PPI claim, the premiums refunded are not taxable. However, many successful claims are being paid out with a simple 8% interest to compensate the time you were without the benefit of your money.  

Have you received a PPI refund?

If you have received a refund from a PPI claim, the premiums refunded are not taxable. However, many successful claims are being paid out with a simple 8% interest to compensate the time you were without the benefit of your money.  

Tax diary for November 2018

November is a very busy time for returns and tax payments. Below are the important dates coming up over the next month. 

Tax diary for November 2018

November is a very busy time for returns and tax payments. Below are the important dates coming up over the next month. 

Is your business ready for the April making tax digital deadline?

In less than a year all businesses that file VAT returns will have to file these online or through reliable accountancy software. From April 2019, VAT registered businesses with turnover above the VAT threshold (currently £85,000) will have to:

Is your business ready for the April making tax digital deadline?

In less than a year all businesses that file VAT returns will have to file these online or through reliable accountancy software. From April 2019, VAT registered businesses with turnover above the VAT threshold (currently £85,000) will have to:

Tax diary August

1 August 2018 - Due date for Corporation Tax due for the year ended 31 October 2017.

Tax diary August

1 August 2018 - Due date for Corporation Tax due for the year ended 31 October 2017.

Self employed tax bills

Whether you pay income tax or National Insurance, the effect on your cash flow is the same.

Self employed tax bills

Whether you pay income tax or National Insurance, the effect on your cash flow is the same.

Tax Diary May

May is a very busy time in the tax calendar, with critical filing dates.

Tax Diary May

May is a very busy time in the tax calendar, with critical filing dates.

Have you submitted your tax return?

The countdown has begun for this years’ online tax return, a crucial time for around 11 million taxpayers who are self employed or  receive other income that requires the submission of a tax return, which is normally rental income, or interest and dividend income that is liable to income tax.  Because of changes made to the taxation of dividends with effect from 6 April 2017, any one who receives more than £5,000 of dividends in a year is likely to have an income tax liability, even if they are only basic rate taxpayers.  In the past only higher rate taxpayers have had to pay any tax on their dividend income.

Have you submitted your tax return?

The countdown has begun for this years’ online tax return, a crucial time for around 11 million taxpayers who are self employed or  receive other income that requires the submission of a tax return, which is normally rental income, or interest and dividend income that is liable to income tax.  Because of changes made to the taxation of dividends with effect from 6 April 2017, any one who receives more than £5,000 of dividends in a year is likely to have an income tax liability, even if they are only basic rate taxpayers.  In the past only higher rate taxpayers have had to pay any tax on their dividend income.

Annual Tax on Enveloped Dwellings (ATED)

ATED is an annual tax charge, mainly by companies, that own UK residential property valued at £500,000 or above.

Annual Tax on Enveloped Dwellings (ATED)

ATED is an annual tax charge, mainly by companies, that own UK residential property valued at £500,000 or above.