There is something uniquely satisfying about a tax refund. Of course, you must first overpay tax before it can be refunded, but there is a universal joy in receiving a cheque or direct payment to your bank account from HMRC.
Occasionally, HMRC will volunteer the information, they...
9 months 1 week ago
We have all heard of individuals who have been affected by the nefarious antics of loan sharks, lenders that breach the normal fiscal rules by taking advantage of needy persons who do not qualify for support from mainstream banking sources.
The government has announced additional...
9 months 2 weeks ago
Now that Wales and Scotland have devolved powers for taxation purposes, residents that live and work in the border areas with England have more planning options.
Wales have their own stamp duty regime from April 2018, the Land Transaction Tax (LTT), and Scotland, from April 2015,...
9 months 3 weeks ago
A typical two parent, two child family can claim £34.40 per week in Child Benefit (CB). In a tax year this would amount to £1,789.
Often, this becomes part of the family housekeeping and is spent.
Consider Mary and John and their two children. John collects the CB, it is paid into...
9 months 3 weeks ago
1 May 2018 - Due date for corporation tax due for the year ended 30 July 2017.
19 May 2018 - PAYE and NIC deductions due for month ended 5 May 2018. (If you pay your tax electronically the due date is 22 May 2018)
19 May 2018 - Filing deadline for the CIS300 monthly return for the...
9 months 3 weeks ago
If you are claiming tax credits make sure that you keep an eye on changes that may affect the amount you receive.
Your payments can go up if:
your income goes down by more than £2,500
your benefits stop or go down
you start getting personal independence payment (PIP), Disability...
9 months 3 weeks ago
As you would expect there are a range of conditions that affect the answer to this question. We have reproduced below a summary of the main conditions to be observed.
Workers must be at least school leaving age to get the National Minimum Wage. They must be 25 or over to get the...
9 months 3 weeks ago
Up to 5 April 2018, certain payments in lieu of notice were not taxable, primarily, those not contractually required to be made.
This is no longer the case.
Employers will now need to pay Income Tax and Class 1 National Insurance contributions (NICs) on an element of all...
9 months 3 weeks ago
Legislation has been introduced to reduce the present maximum six-day clearance process, to just one day.
Banks presently send the payer’s cheque to the clearing banks to facilitate clearance. Under new rules, that will apply from October 2018, this will be reduced to one-day by...
9 months 3 weeks ago
For those of us who are reluctant to see our home address on publicly available websites such as that provided by Companies House, they will be pleased by a recent change to data suppression laws. This should help you remove your home address from publicly available company documents...
9 months 3 weeks ago
Pages
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How lean is your business? https://t.co/rHDEKhPU9e
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Parliament eases through Finance Act 2019 https://t.co/VAOHSzc2vt
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Goodbye 2017-18 and hello to 2018-19 https://t.co/XD2ZhhHnuI
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What was all the fuss about? https://t.co/DWnNnmoFmu
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How to cope with recession https://t.co/no2P9d4L5T
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Are you ready for the VAT filing changes? https://t.co/peouSD4srO