Resources

  • 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.     

  • More from HMRC about what happens to VAT on Services after Brexit.

    More from HMRC about what happens to VAT on Services after Brexit

    HMRC have issued further guidance on what will happen to VAT on services after Brexit.

  • Make the most of your spare time.

    Make the most of your spare time

    In the current economic climate, many people are looking for ways to increase household income.     

  • Tax efficient remuneration using pension contributions.

    Tax efficient remuneration using pension contributions

    Despite on-going speculation that the government will intervene at some point, for now, making contributions into a pension scheme continues to be a particularly tax-efficient form of savings. 

  • Utilise the trivial benefits exemption to provide tax-free Xmas gifts.

    Utilise the trivial benefits exemption to provide tax-free Xmas gifts

    The Covid-19 pandemic has placed the office Christmas party firmly off the menu this year. 

  • Should I reduce my payments on account?

    Should I reduce my payments on account?

    The deadline for filing your 2019/20 tax return is fast approaching, as is the due date for the first payment on account for 2020/21.

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