Category Archives: HMRC

Self-Assessment filing deadlines

25th October 2021 Posted by -

The 2020-21 tax return deadline for submitting your paper Self-Assessment returns is 31 October 2021. The tax deadline for submitting online returns

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Alexander Accountancy tax experts Burton on Trent

Tax and termination payments

14th October 2021 Posted by -

The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax and secondary National Insurance contributions (employer (NICs)) by making an […]

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Reporting grants received to HMRC

12th October 2021 Posted by -

Most COVID support grants are treated as taxable income in the same way as other taxable receipts and need to be reported to HMRC. The grants are

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End of year tax date change post - tax advice Burton on Trent

More on possible change to tax year end date

5th October 2021 Posted by -

As we mentioned in a recent post, the Office of Tax Simplification (OTS) has released a new video on a number of possible changes to the tax regime. Perhaps the […]

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Making Tax Digital Burton on Trent

MTD for Income Tax has been delayed by one year to April 2024

4th October 2021 Posted by -

The introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) has been delayed by one year until April 2024. This change was announced in a Written Statement to […]

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National insurance experts Burton on Trent

Class 1 NIC changes extend to Class 1A contributions

24th September 2021 Posted by -

It is important to bear in mind that the 1.25% increase in National Insurance contributions (NICs) for 2022-23 will apply to National Insurance Class 1 and Class 4 contributions from […]

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Dividend Tax Increase - Accountants Burton on Trent

Dividend tax increase announced

17th September 2021 Posted by -

The 1,25% increase in NIC contributions from April 2022 will be mirrored by a similar increase in the tax charge on dividends. From April 2022, the dividend tax increases will […]

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Using your Personal tax accounts

15th September 2021 Posted by -

HMRC’s Personal tax accounts (PTAs) were launched in 2015. The service works as an online resource to allow taxpayers to review and update their

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