Do I need to file a personal tax return for 2020?
The 2019/20 personal tax year ended on 5th April and we are now in the 2020/21 tax year. Every year we are asked the same thing – ‘Do I need to fill in a personal tax return?’. Here…
The 2019/20 personal tax year ended on 5th April and we are now in the 2020/21 tax year. Every year we are asked the same thing – ‘Do I need to fill in a personal tax return?’. Here…
The 2019/20 tax year ended on 5th April, for which many of us will need to produce and file a personal tax return . To make things easier, here is our list of the information you need to…
Hi everyone. Please see below some updates and clarifications on some of the help that is out there for you and your businesses during the coronavirus situation. Check back regularly to the HMRC website for updates on everything coronavirus…
According to a new study by Pinsent Masons, HMRC raised £16 for every £1 it spent on staff on tax investigations looking at small businesses and individuals. The figures show that HMRC were able to collect £4.9bn in…
Many people don’t realise that there is a difference between accounting profit and taxable profit – and that they are very rarely exactly the same figure. Lots of business owners arrive at their accounting profit – thinking it’s…
A continuing rise in self employment has resulted in a drop in the income tax take in every region of the UK. 12% of the UK is now self employed and those that are could earn the same…
Thinking of giving a business gift for Christmas? It’s not long until Christmas and you might be considering giving a Christmas gift or treat to your team or customers. But before you do, it’s worth considering the tax…
We know that some employers will be paying their staff early for Christmas but it’s important to not change the date on your payment submission. If your business is closing early for Christmas or is not open at…
Self-assessment personal tax returns for the 2018/19 tax year are due for filing, along with any payment owing, by 31st January 2020 at the latest. But why would anyone leave it that late to file it? You can file…
In advance of leaving the EU on 31 October 2019 the UK government has announced a Customs intermediaries grant scheme. Should the UK leave, there will be immediate changes to the way UK businesses trade with the EU,…