Is it better to file your Self Assessment tax return as soon as possible after the end of the tax year? You are not obliged to file your tax return for 2015-16, online, before the 31 January 2017. However, if you leave the process of completing your return until close to this date, it will […]
ISA investors may be interested to read the following guidance issued by HMRC regarding the transfer of ISAs from one provider to another. What you can transfer You can transfer a cash ISA to another cash ISA with a different provider. You can do the same with stocks and shares ISAs. You can also transfer […]
Clients who are concerned by the uncertainty created by the Brexit vote should contact us. There are steps we can all take now that will ease our progress through the transition. Essentially, we need to be financially fit. The areas of our businesses that we should fine tune are: Record keeping. There has never been […]
In a decision that has staggered the rest of Europe, the UK has voted to leave the EU. George Osborne emerged today to reassure us all that everything was under control. This, in the face of continuing political hiatus: our prime minister has resigned, almost, and the main opposition party is locked in internal, leadership […]
The following change in Companies House (CH) filing requirements will apply from the end of June 2016. The following post sets out the changes that will apply: From 30 June 2016, the annual return is being replaced. Instead, you’ll now file a confirmation statement at least once a year. You need to check and confirm […]
This article was posted three days before the UK decides if it wants to stay or leave the EU. It feels as if everything is on hold pending this result. Government departments are being unusually quiet: no press releases, no announcements, no changes in legislation. It is a well-quoted cliché, but it really does feel […]
Many of us have received emails purporting to be from HMRC that urge us to provide personal information in order to receive an outstanding tax refund. Sometimes, these “phishing” communications include veiled threats: send information or you will be pursued for large, outstanding tax liabilities. The perpetrators of the emails want you to respond, the […]
The deadline for filing forms P11D is 6 July 2016. You will be liable to a penalty of £100 per 50 employees for each month or part month your P11D(b) is late. The P11D(b) is the form used to submit your individual P11Ds to HMRC. You’ll also be charged penalties and interest if you’re late […]
HMRC have a long running campaign to encourage property owners who receive rental income from property, and who have not declared this income on their tax return, to get their tax affairs in order. The following example, reproduced from HMRC’s website, shows how this can occur. Beena age 23 • Moved to Leeds to […]
The following notes set out the general scope of the Cycle to work scheme. This provides a number of tax advantages that employers can use to encourage employees to cycle to work. Who can use the scheme? Employers of all sizes across the public, private and voluntary sectors can implement a tax exempt loan scheme […]