Update: Deadline for voluntary National Insurance contributions extended to April 2025 to check your National Insurance record to enable you to fill in any gaps in your NI contributions. Anyone with a shortfall in their record has until April 2025 to buy back their missed years to qualify for a full state pension
When you have a personal tax liability to HMRC, you are required to pay it by the due date specified by HMRC. If you fail to pay your tax liability on time, HMRC will charge you interest on the amount owed until it is paid
Energy costs are a huge concern for many businesses. With further price rises looming, it is a great time for businesses to reassess expenditure, including energy costs, and put mitigations in place to help.
A current email purports to be from Companies House. A scam email instructs you to check the information held about your company and says that if you ignore this instruction you may be subject to legal action
Your personal affairs, your family and business affairs, and your plans for the long term, need to be arranged as tax efficiently as possible. The period before the end of the tax year, on 5 April 2023, is the BEST time to do this. Make sure to check out our year end-tax planning guide 2022-23 – a must read, right now, to maximise the opportunities available
Continue readingMaking Tax Digital for Income Tax Self Assessent update: The UK Government has announced that MTD ITSA has been delayed again (was due to come into play 6 April 2024), is now mandated to start from April 2026
Continue readingChanges have been made by HMRC to the advisory fuel rates (AFRs) for all journeys on or after 1 December 2022 for company car drivers claiming back fuel costs from their employer
Continue readingUK Chancellor, Jeremy Hunt has delivered his Autumn Statement and stated UK “is now in recession”. The Treasury’s intention is to bring stability, protect growth in the economy and to continue to support public services.
Continue readingLiz Truss’ economic agenda has been deconstructed by new chancellor Jeremy Hunt in a bid to bring stability to the financial markets following the market’s reaction caused by the Mini-Budget. Here is our outline of the current position
Continue readingWhen it comes to the dreaded 31 January deadline, the majority of people wait until the last minute to file their annual tax returns. Whilst the likelihood is that most people will meet the deadline, there are a number of reasons why it would have been better for them to have completed an early tax return.
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