Latest news and updates
1 October 2024 - Due date for Corporation Tax due for the year ended 31 December 2023. 19 October 2024 - PAYE and NIC deductions due for month ended...
06/09/2024
There are late filing penalties which are designed to encourage companies to file their accounts and reports on time. All companies, private and...
05/09/2024
The deadline for submitting paper self-assessment tax returns for the 2023-24 tax year is 31 October 2024. If the return is submitted late, a £100...
When a new employee is added to the payroll it is the employers' responsibility to ensure they meet the employees’ rights and deduct the correct...
Most self-employed people are required to pay Class 4 National Insurance contributions (NICs) if their profits are £12,570 or more a year. Class 4 NIC...
If you turned 18 on or after 1 September 2020, there may be cash waiting for you in a dormant Child Trust Fund (CTF). If your children recently...
Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company, or an individual’s interest in a trading...
The UK's new National Wealth Fund (NWF) represents a significant shift in the government's approach to fostering economic growth and addressing...
03/09/2024
A 1% reduction in the Bank Rate would reduce the UK government's annual interest charges on the national debt, but the exact amount of the reduction...
There is an online tool available on GOV.UK that allows taxpayers to check if they need to advise HMRC about additional income they receive. The...
29/08/2024
Employees who are working from home may be eligible to claim a tax deduction on certain work-related bills. If their employer does not cover these...
Pension Credits can provide extra income to those over State Pension age and on a low income. The credits were first introduced back in 2003 to help...
