by MAS | Jan 6, 2026 | Business advice, Financial news, NIC, Pensions
The government has already drafted legislation to impose a £2,000 limit on NI exempt pension contributions under salary sacrifice arrangements. Despite the limits to the amount of salary employees can sacrifice in exchange for tax free employer pension contributions...
by MAS | Apr 16, 2025 | Business advice, Corporation Tax, Financial news, HMRC, NIC, PAYE, Self Assessment, Tax
PENALTIES The new tax year saw a change to the way interest on late paid taxes is calculated. What’s changed and what are the new charges? Prior to 2025/26, interest was charged at the Bank of England base rate plus 2.5% on most underpaid taxes. In a push for unpaid...
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 | Feb 19, 2025 | Financial news, HMRC, NIC
Not having a complete national insurance record can mean that you do not get the full state pension — you need 35 years of national insurance contributions for the maximum of £221.20 a week (£11,502 a year), and ten years of contributions to get anything at all....
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 | 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...
