From self-assessment to corporation tax, it’s often the quickest and easiest option to pay your tax bill online.
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.
Please note that the main points from the 2021 budget were ; April 2022 onwards the National Minimum Wage for 23 years of age and upwards rises to £9.50 New reduced hospitality business rates from April 2022, when the lower 12.5% vat rate is due to cease Individuals...
To help pay for the NHS and social care from April 2022 1.25% will be added to all National Insurance rates – employee, employer and dividend tax. From April 2023 this will show as a seperate item on your payslip or tax return.
All companies that have received furlough payments MUST file company accounts for these relevant years. HMRC will be checking payments have been made to active companies and that the relevant accounts for the period have been filed.
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...
Go to www.tax.service.gov.uk/pay – pick what tax you wish to pay, do not sign in, insert your reference for that particular tax and then pay by card or bank transfer. If you wish to still pay by cheque you can forward an HMRC payable cheque via your Accountant. If you...
From 1st July the furlough scheme begins to unwind.
If anyone has had to work from home during the 20/21 tax year for even one day, HMRC are allowing you to claim £6 per week for every week as an allowable expense, saving the basic rate tax payer £62 in tax.