• Payments on account – Who needs to pay and how are they calculated?

    Payments on account – Who needs to pay and how are they calculated?

    The self-assessment tax return for 2020/21 must be filed online by midnight on 31 January 2022 if a late filing penalty is to be avoided. 

  • Reporting Covid-19 Support Payments on your tax return.

    Reporting Covid-19 Support Payments on your tax return

    If you are self-employed and you received Covid-19 support payments during the pandemic, you may need to report these on your self-assessment tax return. 

  • Keeping the Christmas party tax-free.

    Keeping the Christmas party tax-free

    Last year, the Covid-19 pandemic and national lockdown took Christmas parties (other than virtual ones) off the agenda. This year, they may be a temptation to make up for lost time. How can you celebrate the festive season without triggering a tax liability in the process?

  • From April 2022, both national insurance and dividend tax are set to rise by 1.25%.

    National Insurance and dividend tax to go up 1.25% from April 2022

    From April 2022, both national insurance and dividend tax are set to rise by 1.25%.

  • Making mileage payments to employees.

    Making mileage payments to employees

    As the country emerges from the Covid-19 pandemic, business travel is once again on the agenda. 

  • Collection of tax debts post Covid-19.

    Collection of tax debts post Covid-19

    During the Covid-19 pandemic, HMRC paused much of their tax collection work but as the country starts to emerge from the pandemic, HMRC have once again turned their focus to the collection of tax debts, publishing a policy paper setting out their approach.

  • RTI penalties and period of grace.

    RTI penalties and period of grace

    Under real time information (RTI), employers are required to report pay and deductions information to HMRC ‘at or before’ the time that the payment is made to the employee. This is done by means of the full payment submission (FPS). 

  • Do I need to register for VAT?

    Do I need to register for VAT?

    You must register your business for VAT if your VAT taxable turnover exceeds the registration threshold. This is currently £85,000.

  • What happens if your business is ‘chosen’ for an HMRC enquiry?

    What happens if your business is ‘chosen’ for an HMRC enquiry?

    HMRC has the power to enquire into any return and request any information to establish whether that return is correct. No reasons need be given and invariably will not be disclosed. 

  • Claim tax relief for additional costs of working from home.

    Claim tax relief for additional costs of working from home

    During the Covid-19 pandemic, the advice was ‘work from home if you can’. As a result, millions of employees found themselves working at home.

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