OUR BLOG
Want to know more. Get in touch.
Essential Tax Dates for June
1 June New Advisory Fuel Rates (AFR) for company car users apply from today. 19 June PAYE, Student loan and CIS deductions are due for the month to 5 June 2019. 30 June End of CT61 quarterly period.
OTS calls for review of PAYE system
In a new report, the Office of Tax Simplification (OTS) has called for the Pay as You Earn (PAYE) system to be reviewed, to ensure tax agents can 'see relevant client information' and 'access a number of key services'. The report suggested that tax agents 'don't...
Still time to enrol for MTDfV
Making Tax Digital for VAT took effect on 1 April 2019, but only 17% of businesses required to submit digital returns had enrolled by this date. How much time do you have to enrol if you haven’t done so already? VAT periods. The first quarterly VAT period that is...
Diary of main tax events: May/June 2019
Date What’s Due 01/05 Corporation tax payment for year to 31/07/18 (unless quarterly instalments apply) 19/05 PAYE & NIC deductions, and CIS return and tax, for month to 5/05/19 (due 22/05 if you pay electronically) 01/06 Corporation tax...
“RENT A ROOM” RELIEF TO CONTINUE FOR AIR BNB LANDLORDS
Last year HMRC carried out a review of rent a room relief and it was proposed that the availability of this relief would be restricted to situations where the taxpayer was resident for at least part of the time when the “lodger” was paying rent. The scheme currently...
TAX PLANNING TO MINIMISE THE HIGH INCOME CHILD BENEFIT CHARGE
The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However, that same figure is the point at which child benefit starts being clawed back and there has been no increase in that threshold since the High Income Child...
Extracting profit from the family company.
The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers national insurance contribution (NIC) liability which...
How to raise your prices without losing customers
The cost of running a business goes up every year, but when was the last time you increased your prices? Many business owners and managers worry that if they were to increase prices, they would lose customers.However, a customer will often be willing to pay a higher...
MAKING TAX DIGITAL – Still time to enrol for MTDfV
Making Tax Digital for VAT took effect on 1 April 2019, but only 17% of businesses required to submit digital returns had enrolled by this date. How much time do you have to enrol if you haven’t done so already? VAT periods. The first quarterly VAT period that is...
Essential tax dates for May
3 May Deadline for submitting P46 (car) for employees whose car/fuel benefits changed during the quarter to 5 April 2019. 19 May PAYE, Student loan and CIS deductions are due for the month to 5 May 2019. 31 May Deadline for forms P60 for 2018/19 to be issued to...
Government commits to implementation of pensions dashboard initiative
The government has confirmed that it intends to implement its proposed pensions dashboard initiative, which will allow those saving for retirement to view information from multiple pensions in one place. According to the government, pensions dashboards will 'open up...
MTD for VAT takes effect for over one million businesses
On 1 April, the government's Making Tax Digital for VAT (MTD for VAT) initiative came into effect. Businesses which have a taxable turnover above the VAT registration threshold (currently £85,000) are now required to comply with MTD for VAT. As part of the initiative,...
Our Accreditations
Contact
Contact
Tel: 0161 654 8626
Email Us
Middleton Accountancy Services
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
