Resources

  • Time to pay.

    Time to pay

    If you’re struggling to pay tax bills including capital gains tax and class 2 and 4 NICs for 2019/20 you can apply online to defer your payments, but care needs to be taken as to when to apply.     

  • Legal v illegal dividends.

    Legal v illegal dividends

    Changed business conditions in light of the Coronavirus pandemic have caused many companies to review their dividend policies not least because the company's financial position may have deteriorated significantly from that shown in its last annual accounts.

  • Electric cars from April 2021

    Electric cars from April 2021

    For 2020/21, it was possible to enjoy an electric company car as a tax-free benefit. 

  • Self Assessment Late Payment Penalties.

    Self Assessment Late Payment Penalties

    HMRC has announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement by 1‌‌ April.

  • Are you trading?

    Are you trading?

    Selling goods or clothes on sites such as eBay and Depop offers the opportunity to raise some much needed cash in these difficult times. 

  • Changes to late filing penalty for 2019-20 Self Assessment returns.

    Changes to late filing penalty for 2019-20 Self Assessment returns

    HMRC has announced that Self Assessment customers will not receive a penalty for filing their 2019-20 tax return late, as long as they file online by 28‌‌ ‌February. 

  • Student loan repayments:  Increased thresholds from April 2021.

    Student loan repayments: Increased thresholds from April 2021

    Repayment of student loans is a shared responsibility between the Student Loans Company (SLC) and HMRC.     

  • Leaving the VAT Flat Rate Scheme.

    Leaving the VAT Flat Rate Scheme

    The VAT Flat rate scheme is a simplified scheme for smaller businesses. 

  • Make the most of the dividend allowance.

    Make the most of the dividend allowance

    The 2020/21 tax year comes to an end on 5 April 2021. 

  • What tax do I need to pay by 31 January 2021?

    What tax do I need to pay by 31 January 2021?

    The self-assessment tax return for 2019/20 must be filed by midnight on 31 January 2021.     

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