Submitting yourtax returnearly means you can avoid having to compile your accounts in a panic with a deadline looming. It will also help for better financial management and business planning. If you have more time to consider yourallowable expenses, you could bring your overall tax bill down. ...
Contracting through a limited company is generally the most tax efficient way of operating. You pay yourself a salary (which is usually at the basic rate tax band) and the remainder of your income is drawn in the form of dividends. Find out how to set up
Or 100% of income, whichever is lower. [] Tweet You might also like Reduction of basic income tax rate from 22% to 20% Stamp duty on UK property UK dividend tax explained UK tax deadline: how to make use of all your tax allowances {61comments…add one}...
File your company tax return. The deadline for filing your company tax return is slightly later than paying your corporation tax. You have 12 months following the end of your accounting period to submit your return. It’s also worth noting that capital allowances may offer some tax relief ...
GOV.UK summary: Millions of taxpayers filed their Self Assessment tax return for the 2023 to 2024 tax year by the deadline. More than 11.5 million taxpayers filed their Self Assessment tax return by midnight on 31 January. 97.36% of tax returns were filed online. 90.53% of expected filers ...
In a further rowback of climate targets, the company has said renewable energy investment will fall by $5bn a year to $1bn to $2bn. Funding for further oil and gas extraction will grow to $10bn annually as the business shifts focus back to its original mission...
Set up your limited company online in hours with Companies House accredited Companies Made Simple. Fast, trusted UK formation—choose your name, we do the rest.
The definition of Return Payments was amended to: "A payment payable by a Water Company to a UK DP in connection with water and/or sewerage services to a UK property owned or rented by the DP and arising from: an overpayment by the DP, a credit on the account of the DP, a billing...
In June 2023, the UK tax authority, His Majesty’s Revenue and Customs (HMRC),published an independent research report evaluating the impact of tax-advantageous types of share plans such as Company Share Option Plans (CSOPs), Save-As-You-Earn (SAYE) plans and Share Incentive Plans (SIPs)....
Don’t leave it until October 31st, or your own next deadline, to get something compliant in place to pay the VAT-man. Top 10 items to recover VAT on as a limited company IT contractor Plus, the almost half as many items where Value Added Tax isn’t recoverable (excludes grey areas)...