Tax Diary February/March 2015

Feb 03, 2015

1 February 2015 - Due date for Corporation Tax payable for the year ended 30 April 2014.

 19 February 2015 - PAYE and NIC deductions due for month ended 5 February 2015. (If you pay your…

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Statutory Maternity and Paternity Pay

Jan 30, 2015

What you can reclaim

As an employer, you can usually reclaim 92% of employees’ Statutory Maternity (SMP), Paternity and Adoption Pay.

You can reclaim 103% if your business qualifies…

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Women are more likely than men to send in their tax return on time

Jan 27, 2015

Women are more likely than men to send in their tax return on time, an HM Revenue and Customs (HMRC) analysis has revealed.

For every 10,000 tax returns received last year by HMRC from men,…

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Have you utilised your exempt amount for capital gains tax purposes

Jan 22, 2015

As we are approaching the end of the 2014-15 tax year, individuals who own assets that are subject to capital gains tax (CGT) may be advised to consider the comments made in this article.

If…

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Government launches Pension Wise service

Jan 20, 2015

Pension wise will offer free and impartial guidance to people on the new pension freedoms which come into effect in April 2015.

Pension wise will be a first port of call for consumers, offering…

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Top ten excuses for late filing

Jan 15, 2015

As most self employed persons, certain pensioners and high income earners will be aware their self-assessment tax returns for 2013-14 have to be filed by the end of January 2015 in order to avoid…

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Employing staff for the first time

Jan 13, 2015

 According to the tax office there are six things you need to consider when you are employing staff for the first time. They are:

  1. Decide how much to pay someone - you must pay your…

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On 1 January 2015 the VAT law changed for electronic services

Jan 07, 2015

On 1 January 2015 the VAT law changed for electronic services that are supplied digitally to non-business customers. Those customers must now pay VAT on the e-service at the rate that applies in the country…

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Incorporation of Business

Jan 07, 2015

When a business incorporates and transfers its trade and assets to a company controlled by the seller, the assets must be transferred at open market value for tax purposes. The assets may include "goodwill"…

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