Latest Posts

1 September 2018 – Due date for Corporation Tax due for the year ended 30 November 2017.
19 September 2018 – PAYE and NIC deductions due for month ended 5 September 2018. (If you pay your tax electronically the due date is 22 September 2018)
19

Read more

Overpayment relief was introduced from 1 April 2010 and replaced error or mistake relief for Income Tax, Capital Gains Tax (CGT) and Corporation Tax. Overpayment relief allows taxpayers to recover overpaid Income Tax, CGT, Class 4 NIC, Corporation

Read more

HMRC defines a director’s loan as money taken from your company (by you or other close family members) that isn’t:

a salary, dividend or expense repayment and
money you’ve previously paid into or loaned the company
An overdrawn director’s loan

Read more

The Lifetime ISA has been designed to help those aged between 18 and 40 to save for a new home or for their retirement. Under the scheme, the government provides a 25% bonus on yearly savings of up to £4,000, and once you start saving before you are

Read more

A new Revenue and Customs Brief 7/18 has been published by HMRC concerning their policy on the VAT accounting treatment of promotions, where payments are said to be made by motor dealers to finance companies on behalf of the end customer. These are

Read more

P9 tax code notices are used to notify employers of the tax codes to use when calculationg PAYE due from employees’ wages and salaries. In a service availability update published on 17 July 2018, HMRC has confirmed that they are aware of an issue

Read more

Public Health England (PHE) and Business in the Community have published a new toolkit to help employers support workers who are affected by domestic abuse.
One in four women and one in six men suffer from domestic abuse in their lifetime and

Read more

[et_pb_section bb_built=”1″][et_pb_row _builder_version=”3.6″][et_pb_column type=”1_2″][et_pb_text _builder_version=”3.6″] It is with deepest regret that we have to announce the very sad death of our Managing Partner, Geoff

Read more

Business Asset Rollover Relief allows taxpayers to delay paying Capital Gains Tax (CGT) on gains when they sell or dispose of certain assets and use all or part of the proceeds to buy new assets. The relief means that the CGT due on the gain of the

Read more

There are a number of way you can check if a company is in liquidation. This can include looking on the Companies House register. Companies House is responsible for maintaining a register of company information such as annual returns and annual

Read more

The VAT annual accounting scheme is open to most businesses with a turnover of up to £1.35m per year. Businesses that use the scheme are only required to file one VAT return at the end of each year. This can significantly reduce the amount of

Read more

The tax treatment of charities is complex. Many charities trade either as part of their charitable interests or to raise funds. As a first step, any charity hoping to claim from beneficial tax treatment needs to be recognised as a charity for UK tax

Read more