If you have tax arrears, it’s important to put in place appropriate measures as soon as possible, to help you to effectively manage your repayments while maintaining cash flow. Business with arrears may benefit from the government’s Time to Pay Arrangements, which allow the business to r...
This situation is not unusual but unfortunately many companies try to ignore the issues. It is vital you don’t make this mistake, there are options available to you if you act early. If your company is experiencing VAT and PAYE arrears or unpaid tax, our range of services can assist you...
With less than a month to go, the countdown is on for 5.4 million customers who still need to complete and pay their Self Assessment and avoid penalties, HM Revenue and Customs (HMRC) warns. Thousands of taxpayers have already done so by completing their tax returns before the fizz was ...
The government is confident that small businesses and individuals with “straightforward tax affairs” will not have to pay for software as part of the digitisation of income tax self-assessments. After several delays – including a recent decision to push ...
tax-free-childcare-paymentsacronyms used: TFC - the government held tax-free childcare account, from which parent can benefit from gov top-ups EPP - external apps that parent typically use to pay for their childcare invoices. CCP - childcare providersParents...
Time To Pay is a service that allows businesses or individuals to agree an alternative payment plan with HMRC if they are having difficulty paying a tax bill.
HMRC deals pension tax blow to employersThe article reports on Great Britain HM Revenue & Customs' (HMRC's) stance than Europe on how much tax firms should pay on pension costs.Glenister, MichaelMoney Marketing
If your travel expenses are exclusively for business, you may be able to claim them as an HMRC expense deduction. Eligible expenses include transportation, accommodation, and meals while travelling for business. Employers don’t need to pay tax on reimbursements for employee travel expenses for work...
Ultimately, the aim is to reduce uncertainty for UK businesses by providing greater clarity and transparency of HMRC's compliance expectations, highlighting approaches that can lead to inaccuracies and the need to pay more tax, interest and penalties. They also offer HMRC's insights into the practi...
And with the increase in the personal allowance to £10,000 this year, it could be that you don’t even have any tax to pay, depending on how much you earn in your employed income. Or, if you were taxed on your employed income you could even receive a tax refund. Register...