Beware business rates appeals deadlines
July 9, 2024

The Valuation Office Agency (VOA) has issued the following warning to business rate payers who may have been approached by agencies with false claims about upcoming deadlines to appeal the 2023 rating lists.

According to the VOA these...

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Tax Diary July/August 2024
July 5, 2024

1 July 2024 - Due date for corporation tax due for the year ended 30 September 2023.

6 July 2024 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.

19 July 2024 - Pay Class 1A...

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Filing your tax return early
July 5, 2024

The 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year started on 6 April 2024. Most taxpayers will be happy to leave dealing with their 2023-24 tax returns until later this year or even until January 2025.

The 31...

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Correcting errors in VAT returns
July 5, 2024

Where an error on a past VAT return is uncovered businesses have a duty to correct the error as soon as possible. As a general rule, any necessary adjustment can be made on a current VAT return. To do this, the errors must be below the...

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Tax relief for training costs
July 5, 2024

If you are self-employed it is important to know if an expense is tax allowable. Any allowable costs can be used to reduce your taxable profit.

As a general rule you can claim for items that you would normally use for less than 2 years...

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Check your State Pension forecast
July 5, 2024

The enhanced Check Your State Pension forecast service is now available online. The service can be found on GOV.UK at the following webpage https://www.gov.uk/check-state-pension.

The...

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Are you eligible for tax-free childcare
July 4, 2024

You can receive up to £500 every 3 months (up to £2,000 a year) for each of your children to help with the costs of childcare. This increases to £1,000 every 3 months if a child is disabled (up to £4,000 a...

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Refunds – the legal obligations
July 2, 2024

If a customer complains that an item you sold them is faulty, is not as described or does not do what it is supposed to do, then you must offer a refund.

You do not have to make a refund if the...

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6th July 2024 – a potential deadline for company car drivers
June 27, 2024

Our new government will be in place by the 4th of July 2024, two days old on the 6th of July, unless there is an unexpected draw, and a re-run is required.

But the 6th is a deadline that company car drivers would be wise to...

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More protection if buying online
June 25, 2024

The Digital Markets, Competition and Consumers Act has become law after receiving Royal Assent.

The Act paves the way to give consumers rights across the UK, with greater control and clarity over online purchases.

It does this...

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