1 November 2017 – Due date for corporation tax due for the year ended 31 January 2017.
19 November 2017 – PAYE and NIC deductions due for month ended 5 November 2017. (If you pay your tax electronically the due date is 22 November 2017.)
19
The Parental Bereavement (Leave and Pay) Bill has been published by the government. Although the Bill is a Private Members’ Bill, it has the full support of the government and therefore the Bill and its explanatory notes have been prepared by the
Acas has launched new guidance to help employers manage staff who are experiencing mental health issues. The new guidance aims to help managers develop the right skills to support employees as well as to create a culture of well-being in the
The First-Tier Tribunal recently heard three appeals that examined whether vehicles supplied to employees were vans or cars. The main appellant in this case was Coca-Cola European Partners GB Ltd (Coca-Cola) who supplied vehicles to a number of their
A capital gains tax (CGT) charge on the sale of UK residential property by non-UK residents was introduced in April 2015.
A UK non-resident that sells UK residential property needs to deliver a non-resident capital gains tax (NRCGT) return within
An overdrawn director’s loan account is created when a director (or other close family members) ‘borrows’ money from their company. Many companies, particularly ‘close’ private companies, pay for personal expenses of directors using company funds.
HMRC has confirmed that they will no longer accept payments with a personal credit card from 13 January 2018. This includes payments for income tax, PAYE, VAT and many other taxes. This is due to the implementation of the EU second Payment Services
There are a number of scenarios where HMRC would consider a company or organisation to be inactive for Corporation Tax (CT) purposes. This is a different categorisation to a ‘dormant’ company and usually happens when a company has not commenced
When a couple is separating or divorced it is unlikely that they are thinking about the tax implications. However, as the dust begins to settle it is important that the tax consequences of the break-up are given proper consideration.
Whilst income
As a general rule, inheritance tax (IHT) is collected from a person’s estate when they die and can also be payable during a person’s lifetime on certain trusts and gifts. There is normally no tax to be paid if the value of the estate is below the IHT
Capital allowances is the term used to describe the tax relief businesses can claim on certain capital expenditure and thereby reduce the amount of their taxable profits. Most ‘capital’ items, such as equipment, vehicles, machinery etc, last for a
When you employ someone to work in your home, it is your responsibility to meet their employee’s rights and deduct the correct amount of tax from their salary. This can include domestic staff such as a nanny, housekeeper, gardener or carer. The rules
HMRC offers an online service to check your National Insurance record online. In order to use the service, you will need to have a Government Gateway account. If you don’t have an account, you can apply to set one up online.
By signing in to the
The government’s move to restrict the tax relief landlords receive on finance charges started to take effect from April this year. This is the first year that finance charges are being restricted. The tax relief on mortgage costs used to buy
The VAT Flat Rate scheme (FRS) has been designed to simplify the way a business accounts for VAT, and in so doing, reduces the administration costs of complying with the VAT legislation.
Using the FRS, you simply pay VAT as a fixed percentage of
Income Tax is generally payable on taxable income received by individuals in the UK, including earnings from employment, earnings from self-employment, pensions income, interest on most savings, dividend income, rental income and trust
One of the less well-known ways of paying your self-assessment tax bill is to do so through your tax code.
This can only be done where all the following apply:
you owe a self-assessment balancing payment of less than £3,000;
you are an employee
Under the Pensions Act 2018, the minimum amounts paid into automatic enrolment pension schemes are increasing for employers and their staff.
The increases will occur in two phases – the first increase needs to be made by 6 April 2018 and the second
It has been announced that three million of the smallest businesses and landlords will be able to move to the new digital system for
Please note that this event is now fully subscribed. If you wish to register and have your name added to our reserve list, you
The latest newsletter from Burton Sweet’s Charity team has just been published, and is available to read here. The newsletter provides all the latest
Employers have been warned not to fall for a scam involving the sale of fake certificates which suggest the holders do not have any
There is currently no model where software providers will be able to provide a free solution for taxpayers to file quarterly when Making Tax
Renting a property in UK whilst Resident in USA ? If someone is a US Citizen, Greencard holder or US resident, then the rental
