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Blog

Posts Tagged ‘HMRC’

Tax Cuts for Limited Companies

A piece of good news has arisen as a result of the vote to leave the European Union. George Osborne has promised to cut corporation tax in order to continue encouraging business investment. As part of his plan to build a “super-competitive economy” the likelihood is that the chancellor will reduce corporation tax by 5%[...] Read more »

Getting your tax return done is a numbers game

When it’s this late in January and you haven’t yet submitted your self-assessment tax return, it can feel like HMRC is breathing down your neck.  It’s not too late to get your figures to the taxman but you do need to be quick and thorough to avoid the automatic £100 fine. Remember; even if you[...] Read more »

Extension of tax return date in some circumstances

The following news item has been put up on the Tolley Tax Intelligence website regarding an extension of the tax return deadline. “Filing extension for those submitting a 2012/13 Tax Return using free HMRC software Anyone who has ever used the free HMRC software to file, or help a friend or family member to file,[...] Read more »

All I want for Christmas is a Government Gateway reference number

The frosts are getting harder, there’s a chill in the air and we are all starting to turn our minds urgently to that special time of year. That’s right – it’s nearly time for those without an accountant to submit an online Self Assessment tax return! This is a critical time for those running small[...] Read more »

Students working in their holidays may be overpaying tax this year!

HMRC have scrapped the P38(S) form which allowed students working only in their holidays to ask their employer not to take tax off their wages. Previously students had the whole year to spread their tax allowance over; so if the annual income exceeded the threshold only then would they be liable for tax. Now the[...] Read more »

Tax credit claimants must renew before 31 July, says HMRC

People who claim tax credits are being reminded by tax officials that an annual deadline is approaching for them to renew their claim. Claimants have until 31 July to renew, otherwise they face losing the payments, HM Revenue and Customs (HMRC) has said. Tax credit renewal packs have been sent to 5.8 million people since[...] Read more »