This author has yet to write their bio.Meanwhile lets just say that we are proud Lizzie Robinson contributed a whooping 268 entries.
Some self-employed profits may be taxed twice in the opening years of a business, or on a change of accounting date. Relief for these profits (overlap profits) is given in the form of overlap relief. However, time is running short to benefit from the relief. Key dates Claims for overlap relief for the 2023/24 tax […]
Celebrating Feline Charm and Whiskered Wonders: International Cat Day – 8th August In a world where chaos often reigns supreme, there’s one creature that effortlessly maintains an air of regal elegance and nonchalant charm—the beloved cat. International Cat Day, observed annually on 8th August, serves as a global reminder to honour and celebrate these mysterious, […]
Taxpayers must undertake certain tasks, such as filing returns and paying tax, by certain dates. If these deadlines are missed, HMRC may charge late filing and late payment penalties. Interest is also charged on taxes paid late. Key dates The key dates in August 2023 are 1 August for corporation tax payments, 2 August for […]
As retirement approaches, assessing your financial readiness for the golden years becomes increasingly important. One of the crucial components of your retirement income is the state pension. The state pension provides a foundation for your retirement finances, and it’s essential to have a clear understanding of what you can expect from it. Thankfully, governments have […]
Home Responsibilities Protection (HRP) reduced the number of years that a person in receipt of child benefit needed in order to qualify for a full state pension. Some people who were entitled to HRP may have it missing from their National Insurance record. This may affect their state pension entitlement. Key dates Home Responsibilities Protection […]
When taking on a new employee you will need to obtain certain information from them in order to set them up on the payroll correctly and to determine the correct tax code to use. The procedure will depend on whether or not the new employee gives you a P45. Key dates HMRC will be contacting […]
Taxpayers must undertake certain tasks, such as filing returns and paying tax, by certain dates. If these deadlines are missed, HMRC may charge late filing and late payment penalties. Interest is also charged on tax paid late. Key dates Expenses and benefit returns for 2022/23 must be filed by 6 July 2023. PAYE and NIC […]
If you provided employees with company cars in 2022/23 and did not payroll the benefit, you must supply HMRC with details of your employees’ cars on their P11D by 6 July 2023. It is important that you use the correct key letter to let HMRC know if the car is a petrol or diesel car, […]
If you are a new parent, you can now claim Child Benefit via the HMRC app. However, high earners should note that some or all of the benefit may be clawed back via the High Income Child Benefit Charge. Key dates Child Benefit can be claimed from the day after that on which you registered […]
Summer has finally arrived, and there is no better way to celebrate the peak of the season than by throwing a Midsummer Day party. Midsummer Day is a traditional holiday that has its roots in ancient pagan celebrations and is celebrated in many countries throughout the world. Whether you want to throw a big party […]
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