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Tag: Personal Tax

HMRC Countdown: File Your Tax Return

6th November 2019 | Written by In Accountancy | Categories : Client News, Pensions and Payroll, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
HMRC Countdown: File Your Tax Return

With less than 100 days until the self assessment tax return deadline of 31 January 2020, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. HMRC report that last year more
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Self-Assessment Deadlines

11th September 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Tax Advice
Self-Assessment Deadlines

Two self assessment deadlines are approaching: 5th October 2019 For those individuals who have not previously completed a tax return but need to report a liability for 2018/19. 31st October 2019 For those individuals who have previously submitted ‘paper’ self
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Marriage Allowance in 2019

27th June 2019 | Written by In Accountancy | Categories : News, Personal Tax, Tax Advice
Marriage Allowance in 2019

So, perhaps not a reason to pop the question, but if you are married, and are eligible you should definitely check whether you have been claiming any marriage allowance available to you. What are the tax benefits for married couples
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‘Springtime’ Tax Scams Target Young People

4th June 2019 | Written by In Accountancy | Categories : Client News
‘Springtime’ Tax Scams Target Young People

HMRC has warned young people in the UK to ‘stay vigilant’ in order to avoid falling victim to ‘Springtime’ tax refund scams. Criminals often target young individuals or the elderly as these groups of people are likely to be less
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Reporting Benefits in Kind – Forms P11D

23rd April 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Tax Advice
Reporting Benefits in Kind – Forms P11D

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019. The process of gathering the necessary information
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Changes to Income Tax for 2019/20

20th April 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Tax Advice
Changes to Income Tax for 2019/20

The new tax year brings changes to income tax bands and allowances. The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over
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April 2019 – Tax Update and News in Brief

1st April 2019 | Written by In Accountancy | Categories : Contractors, Limited Companies, News, Pensions and Payroll, Personal Tax, Tax Advice
April 2019 – Tax Update and News in Brief

At last the clocks have gone forward, days are becoming longer and some warmth is in the air (well, almost, although it didn’t feel like that from the side lines of the football pitches I was at over the weekend!!).
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Advisory Fuel Rates for Company Cars

27th March 2019 | Written by In Accountancy | Categories : Client News, News
Advisory Fuel Rates for Company Cars

New company car advisory fuel rates have been published which take effect from 1 March 2019. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only
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Tax Efficient Investments Ahead of the Tax Year End

25th March 2019 | Written by In Accountancy | Categories : Client News, Tax Advice
Tax Efficient Investments Ahead of the Tax Year End

With the end of the tax year looming there is still time to save tax for 2018/19.   Make full use of your ISA allowance – ISAs can offer a useful tax free way to save, whether this is for
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Minimum Wage Increases

20th March 2019 | Written by In Accountancy | Categories : Client News, News, Pensions and Payroll
Minimum Wage Increases

The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules. There are different
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Year end tax planning – time is running out

12th March 2019 | Written by In Accountancy | Categories : Limited Companies, Pensions and Payroll, Personal Tax, Tax Advice
Year end tax planning – time is running out

If you would like to take advantage of any year end tax planning opportunities before the end of the tax year on 5th April, you will need to take action now. Making the most of your tax allowances for Pensions,
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‘Unbelievable Excuses’ for Late Filing of Tax Returns

10th February 2019 | Written by In Accountancy | Categories : Client News, News, Personal Tax, Tax Advice
‘Unbelievable Excuses’ for Late Filing of Tax Returns

HMRC has revealed some of the most ‘bizarre excuses’ taxpayers have given for failing to file their self assessment tax return on time. Excuses included ‘I’m too short to reach the post box’, and ‘my boiler had broken and my
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