by MAS | Mar 28, 2024 | Business advice, CGT, Financial news, HMRC, PAYE
5 April Last day of 2023/24 tax year. Deadline for 2023/24 ISA investments and pension contributions. Last day to make disposals using the 2023/24 CGT exemption. 14 April Due date for income tax for the CT61 period to 31 March 2024. 19 April Automatic interest is...
by MAS | Dec 29, 2023 | Business advice, Financial news, HMRC, Self Assessment, Self employed
SELF-ASSESSMENT Historically, you may have had to file a tax return if your income exceeded the point where the personal allowance starts to be tapered away. This has changed for 2023/24. In the past, HMRC has insisted on issuing returns for the following reasons,...
by MAS | Dec 1, 2023 | Business advice, Financial news, HMRC
The advisory fuel rates published by HMRC set fixed amounts that can be paid to an employee using a company car for business mileage, without income tax consequences. It’s possible to use a higher rate, but you must show that the actual fuel cost per mile is...
by MAS | Nov 28, 2023 | Business advice, Financial news, HMRC
The government has announced substantial increases to the national living wage (NLW) and national minimum wage (NMW) from 1 April 2024, and a key change for workers aged 21 and 22. What are the new rates and what’s the key change? Accepting the recommendations of the...
by MAS | Nov 1, 2023 | Business advice, Corporation Tax, Financial news, HMRC, NIC, PAYE, Tax
Date What’s Due 1 November Corporation tax for year to 31/01/2023, unless quarterly instalments apply 19 November PAYE & NIC deductions, and CIS return and tax, for month to 5/11/23 (due 22/11 if you pay electronically) 1 December Corporation tax for year to...
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...
