And by using modern HR andpayroll software, you’ll be able to submit data to HMRC quickly and accurately so you can manage your PAYE and National Insurance contributions. You also need to consider a solution that will allow you to send your staff’s pension contribution details to your auto...
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Each partner pays tax on their portion of the profits through their own personal self-assessment tax return. A partnership tax return will also need to be submitted to HMRC by the nominated partner. Alternatively, you might prefer to set up a limited company. This means your business ...
Not complying with new legislation and tax regulations, for example, could leave you open to anHMRC investigation. But it’s also an opportunity, as you look forward to the next 12 months, to update youraccounting, payroll and HRoperations and to review your entire business strategy. In this...
Alphatag assists tax and finance departments with the iXBRL tagging of their statutory accounts, in line with the latest taxonomies, ready for electronic filing to the UK tax authority (HMRC). Explore Alphatag Harness the power of generative AI to streamline your compliance data management proces...
Some tax scams are easier than others to spot. Among the more difficult scams to detect are those that claim to come from HMRC... Read more >>
You might think, “Aman, if I can quickly get a Visa or an eVisa to India, why should I bother getting an OCI card?” Well, holding an OCI card gives you some added advantages: Multiple-entry, life-long Visa to visit India One-time cost No need to report to authorities for any ...
This is then sent to HMRC on your behalf, after you check the relevant tax codes and ensure they line up with your earning status. Sole traders, on the other hand, have to ask for their Unique Tax Reference (UTR) number which is sent out – usually within 10 working days – after ...
Late payment interest on income tax has surged in recent years, with £150m paid so far for the 2022/23 tax year. The average payment is up 14% on 2021/22 to £103.33, according to HMRC. Charlene Young, senior pensions and savings expert at AJ Bell, said: "Buried in the publicati...
You can quickly and easily check HMRC’s recognised overseas pension schemes notification listhere. Handily, it’s sorted alphabetically by country. 2 - Make sure your UK pension allows overseas transfers The next crucial step is to contact your pension provider to find out if it permits transfer...