by MAS | Sep 8, 2026 | Accounts, HMRC, PAYE, Tax credits
Pensioners whose income is over £35,000 have only days left to opt out of the 2026/27 Winter Fuel Payment and avoid having it recovered through the tax system. What do you need to know? For pensioners in England, Wales and Northern Ireland, the deadline for opting out...
by MAS | Jun 3, 2025 | Accounts, Business advice, Financial news, HMRC, Self employed, Tax
Advisory fuel rates for company cars are updated by HMRC on a quarterly basis due to fluctuations in fuel prices. The rates determine the amount that can be paid to an employee using a company car for business mileage, or where an employee has to reimburse their...
by MAS | Mar 14, 2025 | Accounts, Financial news, HMRC, Self employed, Tax
HMRC’s official rate of interest (ORI) will increase from 2.25% to 3.75% on 6 April 2025. This is the first increase since 2023.The ORI is used to calculate the taxable benefit in kind where an employee has a loan from their employer, or their employer provides them...
by MAS | Feb 27, 2025 | Accounts, CIS, Corporation Tax, Financial news, HMRC, NIC, PAYE
1 March New Advisory Fuel Rates (AFR) for company car users apply from today. 2 March 5% late payment penalty on any 2022/23 outstanding tax which was due on 31 January 2024 and still remains unpaid. 19 March PAYE, Student loan and CIS deductions are due for the month...
by MAS | Dec 20, 2024 | Accounts, Business advice, CIS, Corporation Tax, Financial news, HMRC, Self Assessment, Self employed, Tax
1 January Due date for payment of corporation tax for period ended 31 March 2024. 14 January Due date for income tax for the CT61 quarter to 31 December 2024. 19 January PAYE, Student loan and CIS deductions are due for the month to 5 January 2025. PAYE quarterly...
by MAS | Nov 20, 2024 | Accounts, Financial news, HMRC, Self Assessment, Self employed, Tax
The furnished holiday lettings (FHL) regime will soon be abolished, and HMRC has published clarification on how the policy will work. The FHL regime will be abolished from 6 April 2025. It is now confirmed that post 6 April 2025: VAT at the standard rate continues to...
