by admin | Mar 31, 2023 | Hints & Tips, Tax Compliance
With the end of the tax year fast approaching on 5th April, make sure you know what payroll tasks you need to do to start the year right. Payroll is based on the tax year, which runs from 6th April to the following 5th April, and an employee’s pay details for the tax...
by admin | Mar 6, 2023 | Government Budgets, Tax Compliance
With a key tax relief coming to an end on 31 March 2023, there is still time to take advantage so that your company doesn’t lose out on valuable tax reliefs. What is the Super-deduction? Introduced in 2021 to boost investment and kick-start the economy following the...
by admin | Feb 16, 2023 | Hints & Tips, Tax Compliance
Renting out a property can be a great way to earn some extra income, but residential and commercial landlords should make sure that they are aware of the tax implications and make sure that they get things right. Landlords who are not operating their business through...
by admin | Feb 7, 2023 | Government Budgets, Tax Compliance
Making Tax Digital (MTD) for Income Tax has now been delayed, as was widely expected, meaning that it will now not come into force until April 2026. Victoria Atkins, the Financial Secretary to the Treasury, announced in December that the scheme will be pushed back by...
by admin | Jan 17, 2023 | Government Budgets, Tax Compliance
For all VAT accounting periods starting on or after 1 January 2023, the way that HMRC charges penalties and interest on late VAT payments and returns is changing. The old default surcharge system, where a default percentage of the late VAT amount was levied on day one...
by admin | Dec 14, 2022 | Hints & Tips, Tax Compliance
On 17 November 2022, the UK Government Chancellor, Jeremy Hunt, confirmed that the planned rise in corporation tax will go ahead on 1 April 2023. This means what the rate of corporation tax will increase to 25% for profits for the financial year 2023-24. But it’s not...
