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The hidden tax on car benefits for employers
Businesses that provide employees with taxable benefits: company cars, health insurance and so on, will be aware that a benefit in kind charge is added
Tax Diary June/July 2017
1 June 2017 – Due date for Corporation Tax due for the year ended 31 August 2016. 19 June 2017 – PAYE and NIC deductions
Claim back pre-registration VAT
It is possible to reclaim VAT you have paid on any business purchases before you have subsequently registered for VAT. In fact, once you have
When does a hobby become a trade
An example may illustrate the answer to this question. Harry updates his iPad and decides to sell his old one – he does not use
What happens if you can’t pay your tax on time
Following on from the previous article, we thought readers might be interested in the consequences if they fail to pay their Self Assessment tax on
Tax due next month
Are you self-employed? If you are, you may need to make your second payment on account for 2016-17, due date for payment is 31 July
Are you missing out on a �662 tax rebate
Apparently, over 4 million tax payers are eligible to claim the new marriage allowance, but only 2 million have done so. If our math is
Possible bonus when you register for VAT
Businesses are required to register for VAT purposes when their annual taxable turnover exceeds £85,000 (this limit applies from 1 April 2017). You will not
Do you use your car for business purposes
Many employees use their own cars to undertake journeys for their employers. In most cases, employers will pay for this. Generally, they will pay a
Changes to taxable benefits from April 2017
The good news, the way in which benefits in kind are taxed – company cars, mobile phones, etc. – is unchanged for the tax year
Damage limitation
The phrase “in-limbo” comes to mind when describing the present outlook for businesses in the UK. What will be the outcome of the June election?
What is the current tax position when dividends are taken
One of the most useful ways for owner directors of small companies to reduce their overall tax and NIC costs is to pay themselves a
The new Criminal Finances Bill
New legislation to increase the powers of law enforcement received Royal Assent 27 April 2017. The Criminal Finances Act 2017 will give law enforcement agencies
Change in accounts filing for small companies
Small companies are required to file a copy of their end of year accounts with Companies House. In the past, it has been possible to
Under 4 year olds now eligible for tax-free childcare
The government have issued the following press release regarding the roll-out of the new tax-free childcare scheme: From 21 April 2017, working parents can start