by MAS | Sep 26, 2024 | Business advice, Corporation Tax, HMRC, NIC, PAYE, Self Assessment, Self employed, Tax
1 October Due date for payment of Corporation Tax for period ended 31 December 2023. 5 October Deadline for notifying HMRC of new sources of taxable income or gains or liability to the High Income Child Benefit Charge for 2023/24 if no tax return has been issued....
by MAS | Sep 12, 2024 | Business advice, Capital gains tax, CGT, Financial news, HMRC, Tax
Two popular investment incentives offering a number of tax breaks were due to expire in 2025. However, the government has announced that they will be extended. Shares in qualifying companies must be issued before a certain date, known as the sunset date, in order to...
by MAS | Sep 3, 2024 | Business advice, Financial news, HMRC, Self employed, Tax
The amount that employees can be reimbursed for business travel in company cars changed from 1 September 2024. What are the new rates? Advisory fuel rates for company cars are updated by HMRC on a quarterly basis due to fluctuations in fuel prices. The rates determine...
by MAS | Aug 29, 2024 | Business advice, CIS, Financial news, HMRC, PAYE, Tax
1 September New Advisory Fuel Rates (AFR) for company car users apply from today. 19 September PAYE, Student loan and CIS deductions are due for the month to 5 September 2024. 30 September End of CT61 quarterly period.
by MAS | Aug 28, 2024 | Business advice, Financial news, HMRC, Self employed, Tax
HMRC is contacting individuals who may need to pay tax on income from breeding animals. When should you declare such income, and what should you do if you receive a letter? If you make money from breeding animals, e.g. dogs where you sell the puppies, you should check...
by MAS | Jun 4, 2024 | Business advice, Financial news, HMRC
MILEAGE RATES Advisory fuel rates (AFRs) for company cars are updated 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, without income tax consequences....
