Paying self-assessment tax by instalments

Nov 01, 2017

If you file your 2016-17 self-assessment tax return on or before 30 December 2017, you can elect to spread the repayment of any underpayment of tax for 2016-17 to the tax year 2018-19. This is done…

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Carry back charitable donations

Nov 01, 2017

One of the few remaining options to carry back tax allowable payments to a previous tax year is the facility to set off certain charitable donations made after 5 April 2017, to the tax year 2016-17.

Allowable…

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Corporation tax payment deadline for March year end companies

Nov 01, 2017

Many companies have adopted the end of March each year as their accounting year end date.

Corporation tax is payable by most smaller companies nine months and one day after the end of their…

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Tax Diary November/December 2017

Nov 01, 2017

1 November 2017 - Due date for corporation tax due for the year ended 31 January 2017.

19 November 2017 - PAYE and NIC deductions due for month ended 5 November 2017. (If you pay your tax electronically…

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Room to breathe

Oct 31, 2017

The government are considering plans to offer people with serious debt issues time to consider their options.

They are seeking views to develop a way to provide individuals in debt with up to…

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Could you claim a tax refund

Oct 26, 2017

If one party to a marriage or civil partnership has earnings below the personal tax allowance (£11,500 for 2017-18) and their spouse does not pay tax at the higher 40% rate, then they should be claiming…

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Gazumping to become a thing of the past

Oct 24, 2017

The government seems to be taking steps to streamline the process of buying and selling your home. In particular, they are seeking views on ending the practice known as gazumping: where an offer can…

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Not so trivial benefits

Oct 18, 2017

According to HMRC you don’t have to pay tax or NIC on a benefit provided to an employee if:

  • it costs you £50 or less to provide (or the average cost per employee if a benefit is provided…

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Are you lending money to your company

Oct 17, 2017

There is a whole raft of legislation that seeks to penalise directors and shareholders if they borrow money from their company. These regulations include possible benefit in kind charges for the director/shareholder,…

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