Tax Diary March/April 2014
1 March 2014 – Self Assessment tax for 2012/13 paid after this date will incur a 5% surcharge. 1 March 2014 – Due date for
1 March 2014 – Self Assessment tax for 2012/13 paid after this date will incur a 5% surcharge. 1 March 2014 – Due date for
The government has already published certain draft clauses for the Finance Bill 2014. We have listed below some of the more topical changes disclosed. Changes
Employers have been warned recently that schemes setting out to avoid payment of wages to employees at the minimum rates set by the National Minimum
Since the 1990s fees for playing at not-for-profit sports clubs has been exempt for VAT purposes. However, HMRC has asserted that only club members’ playing
Many victims of miss-sold Payment Protection Insurance are unaware that they need to declare any interest they received as part of their settlement on their
There has been significant press coverage recently suggesting that companies are hoarding cash. It would seem that this is one of the contributory factors affecting
The Law Society is concerned that if the present changes to LLP taxation are enshrined in the forthcoming Finance Act 2014, decisions will have to
According to a recent CBI report UK companies rely too heavily on debt finance. It said that 50% of small and medium sized businesses used
Employers that provide a company car and pay for the employees’ private fuel create tax, NIC and administrative issues for both parties. Employers will be
In a recent tax tribunal case a tax payer was denied Capital Gains Tax relief for the cost of improvements to a property as he
1 February 2014 – Due date for Corporation Tax payable for the year ended 30 April 2013. 19 February 2014 – PAYE and NIC deductions
If you are self-employed, as a sole trader or in partnership, and if we assume that your business year end is 31 March, then the
There is a situation where you might be advised to make an election to pay tax. It arises if you sell your company and accept
The following information is reproduced from the GOV.UK website where you can get more information on this topic if required. You can get small business
There has considerable press commentary during the last few weeks about a “copy-cat” website taxreturngateway. If you Google tax return gateway you will still be