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Tax Diary October/November 2021

Tax Diary for the months of October and November 2021

NIC increase to affect all employed and self-employed workers from April 2022

Boris Johnson has announced a rise in National Insurance contributions and dividend tax to raise £36bn over the next three years for health and social care reform.

Covid-19 and benefits in kind – Matters to consider when reporting expenses and benfits in kind on P11Ds for 2020/21

There are many expenses and benefits in kind which will need to be reported, however there are some exemptions for expenses associated with working from home. 

Prepare benefit in kind returns to HMRC

Employers that provide any form of taxable benefit to clients will need to prepare and file P11D returns to HMRC. The deadline to file your returns is the 6 July 2021.

TAX DIARY JUNE & JULY 2021

Important dates for your tax diary in June and July 2021.

TAX DIARY MAY & JUNE 2021

Important dates for your tax diary in May and June 2021.

Tax Diary April & May 2021

Important dates for your tax diary in April and May 2021.

Tax Rate Card 2021/22

Important dates for your tax diary throughout the tax year.

Tax Diary February/March 2021

Important dates for your tax diary in February and March 2021.

Tax Diary December 2020/January 2021

Important dates for your tax diary in December 2020 and January 2021.

Tax Diary October/November 2020

1 October 2020 - Due date for Corporation Tax due for the year ended 31 December 2019.  

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. 

Tax diary October

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

Tax diary October

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

Glasgow Rangers tax scheme kicked into touch

A scheme using Employee Benefit Trusts (EBTs) as a means of remunerating directors and staff has been defeated by HMRC in a recent Supreme Court case.

Glasgow Rangers tax scheme kicked into touch

A scheme using Employee Benefit Trusts (EBTs) as a means of remunerating directors and staff has been defeated by HMRC in a recent Supreme Court case.

Director minimum salary levels 2017-18

Many director shareholders take a minimum salary and any balance of remuneration as dividends. This tends to reduce NIC, and, in some cases, Income Tax.

Director minimum salary levels 2017-18

Many director shareholders take a minimum salary and any balance of remuneration as dividends. This tends to reduce NIC, and, in some cases, Income Tax.

Tax diary July/August

July & August are very busy times in the tax calendar, with critical filing dates. Please check out the link below for dates that may be relevant to your business throughout the year. July & August are very busy times in the tax calendar, with critical filing dates.   .

Tax diary July/August

July & August are very busy times in the tax calendar, with critical filing dates. Please check out the link below for dates that may be relevant to your business throughout the year. July & August are very busy times in the tax calendar, with critical filing dates.   .

Tax Diary July

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

Tax Diary July

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

Expenses and benefits for employees

Until 2015-16, it was possible to apply for a dispensation to exclude certain expenses and benefits provided to employees from the year end returns to HMRC: primarily the submission of forms P11D. These dispensations ceased to be effective from 6 April 2016. From this date many of the expenses covered by dispensations were exempted from the benefits legislation. The sorts of expenses covered include:  

Expenses and benefits for employees

Until 2015-16, it was possible to apply for a dispensation to exclude certain expenses and benefits provided to employees from the year end returns to HMRC: primarily the submission of forms P11D. These dispensations ceased to be effective from 6 April 2016. From this date many of the expenses covered by dispensations were exempted from the benefits legislation. The sorts of expenses covered include:  

Beneficial loans to employees

In many cases, making loans to your employees or their relatives can create an obligation to report a beneficial loan to HMRC. The deemed benefit would be a taxable benefit in kind for the relevant employee, and would increase the employer’s Class 1A NIC bill at the end of the tax year.

Beneficial loans to employees

In many cases, making loans to your employees or their relatives can create an obligation to report a beneficial loan to HMRC. The deemed benefit would be a taxable benefit in kind for the relevant employee, and would increase the employer’s Class 1A NIC bill at the end of the tax year.