Essential tax dates for March

by | Feb 25, 2022 | CIS, Financial news, HMRC, MAS Blog, PAYE

1 March New Advisory Fuel Rates (AFR) for company car users apply from today. 3 March 5% late payment penalty on any 2020/21 outstanding tax which was due on 31 January 2022 and still remains unpaid. 19 March PAYE, Student loan and CIS deductions are due for the month...

Essential Tax Dates for April

by | Mar 25, 2021 | CIS, Financial news, HMRC, NIC, PAYE, Tax, VAT

1 April Digital links required in Making Tax Digital for VAT returns. 5% late payment penalty on any 2019/20 outstanding tax which was due on 31 January 2021 and still remains unpaid. 5 April Last day of the 2020/21 tax year. Deadline for 2020/21 ISA investments and...

VAT Updates

by | Mar 5, 2021 | Business advice, CIS, Construction services, VAT

Introduction of New VAT Penalty System HMRC have announced a reform of the current penalty system regarding late submissions of VAT returns and late payment of VAT liabilities. Instead of an automatic penalty being applied, points will be accrued depending on the...