Category Archives: HMRC

Accounts and tax for companies

11th February 2021 Posted by -

If you have recently setup a new limited company or are thinking of doing so then one of the areas that you need to be aware is the accounts and tax

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Did you miss the Self-Assessment deadline?

4th February 2021 Posted by -

HMRC has announced that more than 10.7 million people submitted their 2019-20 Self-Assessment tax returns by the 31 January deadline. This leaves over

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Landlords year end planning tips

2nd February 2021 Posted by -

A few housekeeping tips for readers with buy to let or holiday let properties to think about and action - if applicable - before the end of the

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Tax Diary February/March 2021

28th January 2021 Posted by -

1 February 2021 - Due date for Corporation Tax payable for the year ended 30 April 2020. 19 February 2021 - PAYE and NIC deductions due for month ended 5 February 2021. (If you pay your tax

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Carry a company trading loss back to previous years

3rd February 2021 Posted by -

Corporation Tax relief may be available where your company or organisation makes a trading loss. A qualifying trading loss may be used to claim relief from Corporation Tax by offsetting the loss

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No late online filing penalties until …

28th January 2021 Posted by -

HMRC has announced that fines for taxpayers that file their Self-Assessment returns late will be waived until 28 February 2021. The filing deadline for 2019-20 returns remains at 31 January 2021. HMRC

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Landlords need to embrace a digital approach

2nd February 2021 Posted by -

HMRC are slowly rolling out their Making Tax Digital (MTD) scheme. Eventually, selected landlords submitting their rental income and outgoings via self-assessment will need to embrace this new MTD

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Making good fuel provided for private motoring

2nd February 2021 Posted by -

Where an employee with a company car is provided with fuel for their own private use by their employer, the default position is that the employee is required to pay the car fuel benefit charge. The

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