by Phil Page | 12 Feb 2024 | Business, HMRC, Tax
If your 2023 tax is not paid by 1st March 2024 there is a 5% penalty based on the outstanding tax amount, if not paid by 1st August 2024 then another 5% penalty and if still unpaid by 1st Feb 2025 yet another 5%.
by Phil Page | 20 Jan 2022 | HMRC, Tax
The deadline for your self-assessment tax return is fast approaching. Here’s why you should get yours done now and how to submit it.
by Phil Page | 23 Jul 2021 | Business, HMRC, Tax
The best way to pay yourself is through your own Limited company. You go on your own payroll which reduces company tax and then top up your personal income each month with a dividend paid from profits. This dividend is free of National Insurance (NI) and taxed at a...
by Phil Page | 23 Apr 2021 | Business, HMRC, Tax
Due to Corona virus restrictions anyone forced to work from home can claim £6 per week tax relief from their earnings via their self assessment tax return.
by Phil Page | 9 Apr 2021 | HMRC, Tax
Remember there is a 5% unpaid tax surcharge if your personal tax remains unpaid at the end of February, July and the following January.
by Phil Page | 12 Mar 2021 | Business, HMRC, Tax
HMRC have announced that all 2020 personal tax owed, less than £30,000, may be paid over a year by monthly installments, penalty free if you contact them and agree the plan before 31st March 2021.