Tax Diary May/June 2017
1 May 2017 – Due date for Corporation Tax due for the year ended 31 July 2016. 19 May 2017 – PAYE and NIC deductions
1 May 2017 – Due date for Corporation Tax due for the year ended 31 July 2016. 19 May 2017 – PAYE and NIC deductions
Until 2015-16, it was possible to apply for a dispensation to exclude certain expenses and benefits provided to employees from the year end returns to
Driving instructors will have a tough time this year. Many are sole traders and will need to start changing their record keeping to accommodate the
In many cases, making loans to your employees or their relatives can create an obligation to report a beneficial loan to HMRC. The deemed benefit
Mileage Allowance Payments (MAPs) are the rates used by employers to reimburse employees when they use their own transport for business purposes. The current rates
The Driver & Vehicle Standards Agency has released its response to a consultation with the industry to “Improve the car driving test”. In their conclusion
Companies house recently published the following news story. Changes to UK company law removed the option for small companies to file abbreviated accounts for accounting
The current state defined wage rates are divided between the National Living Wage (NLW) – this is currently set at £7.50 per hour and only
Is there such a thing as a tax-free capital gain? In fact, there is… Every UK resident tax payer is allowed to make tax-free gains
Short answer, yes it is… The State Pension is worth between £6,359.60 (the old version), and £8,296.60 (the new version), and many pensioners may receive
We have listed below a few of the ways you can make best use of tax losses. Generally speaking, a tax loss arises when a
The new, 12 sided coin became legal tender from 27 March 2017. Businesses that deal in cash transactions, or use equipment that accepts the £1
For some time now, unincorporated businesses have been able to submit simplified accounts in order to settle their tax liabilities. The main advantage of using
The Chancellor announced two increases in Class 4 NI contributions for the self-employed in his budget and in the following week withdrew the increases for
The final matter we want to showcase for this month is the proposed reduction in the dividend allowance from April 2018. At present, shareholders with