by MAS | Oct 5, 2023 | Business advice, Financial news, HMRC, Self Assessment, Self employed
We recently told you about the launch of HMRC’s online service which allows sole traders and partnerships to obtain information about overlap relief they may be entitled to. This information is needed for working out your taxable profits for 2023/24. After technical...
by MAS | Oct 4, 2023 | Financial news, HMRC
The tax and NI rules surrounding wholly electric vehicles (EVs) are more generous than for other company cars. This treatment extends to reimbursement of costs incurred by an employee in charging the EV. However, until recently HMRC’s guidance stated that where an...
by MAS | Oct 1, 2023 | Corporation Tax, Financial news, HMRC, NIC, PAYE, Self Assessment
1 October Due date for payment of Corporation Tax for period ended 31 December 2022. 5 October Deadline for notifying HMRC of new sources of taxable income or gains or liability to the High Income Child Benefit Charge for 2022/23 if no tax return has been issued....
by MAS | Oct 1, 2023 | Business advice, Financial news, HMRC
HMRC has urged almost 430,000 young people with an unclaimed CTF to claim their cash. CTFs are tax-free savings accounts that were created for every child born between 1 September 2002 and 2 January 2011. The government contributed an initial deposit of at least £250....
