Tax Return Filing And Payment
The online filing deadline for 2018/19 self-assessment tax returns is fast approaching. Those who file their tax returns digitally have until 31 January 2020 to get their return in. In the rare instance where someone was required to file on…
HMRC Tax App Released
HMRC have released an app, available on iOS and Android, for taxpayers. This app includes a news feed from HMRC and a calculator to allow employees to check their expected take-home pay. If you have an account with the…
Tax Question & Answer
I have been having a clear out recently. I have sold some of the things I am getting rid of through boot sales. Do I have to declare the income I have received for this? Selling items for profit will…
Employment Allowance Changes
The Employment Allowance is a reduction in the National Insurance costs for employers to encourage businesses to take on staff. The allowance covers up to £3,000 of Employer’s National Insurance contributions, the amount that a business pays in addition to…
Christmas Tax Planning
With Christmas just over a month away, no doubt many of you are already making plans. Given how expensive this time of year can be, incorporating a bit of tax planning into those plans could prove worthwhile. Consider the following…
PrizeSaver Account Launched
Savers could now win up to £5,000 a month from a a new account with credit unions that was launched on the 17 October, International Credit Union Day. The Treasury has teamed up with 15 credit unions, including East Sussex…
Tax Questions and Answers
I am VAT registered and account for VAT on my sales when I raise an invoice. I have just found out one of my customers is going out of business and I don’t think I will get paid. How can…
Tax Questions and Answers
I have already prepared my 2019/20 tax return and I have a small tax bill. My main source of income is employment. Can I get this additional amount collected through PAYE? It is possible for HMRC to collect additional tax…
Grants For Importers And Exporters
With the threat of Brexit looming ever closer, UK businesses that trade with the EU are likely to see major changes in the near future. One such change is that they will have to complete customs declarations for goods imported…
Cycle To Work Scheme
Two of the banes of the modern age are pollution and obesity. Fortunately there is a scheme that addresses, albeit at a small scale, both of these issues at once. The scheme in question is the Cycle to Work Scheme.…