February 22, 2024
We have just passed the filing deadline for the 2022-23 tax year, and any 2022-23 returns filed after 31 January 2024 will be subject to late filing penalties.
However, this post is focussed on processing your returns for 2023-24 and...
Read More...February 20, 2024
In a previous blog post we outlined the importance of reviewing your income before the end of the current tax year. The message was a simple one, any meaningful planning has to be implemented - for 2023-24 – before 6 April 2024, the end...
Read More...February 15, 2024
More than 38,000 pubs will benefit from the six-month freeze on alcohol duty from 1 February 2024. According to HM Treasury:
- The great British pub receives further boost from I February as a six-month alcohol duty freeze to 1... Read More...
February 13, 2024
As you are probably aware the 2023-24 tax year ends on 5 April 2024. After this date, most of the opportunities to arrange your tax affairs in the most advantageous way end and action to reduce your tax payments must be taken before this...
Read More...February 8, 2024
Reforms to simplify and streamline lasting powers of attorney are given Royal Assent.
These legal agreements enable a person to grant decision making powers about their care, treatment or financial affairs to another person if they lose...
Read More...February 6, 2024
You can claim State Pension abroad if you have paid enough UK National Insurance contributions to qualify.
To make a claim you must be within four months of your State Pension age.
You must choose which country you want your...
Read More...February 2, 2024
1 February 2024 - Due date for Corporation Tax payable for the year ended 30 April 2023.
19 February 2024 - PAYE and NIC deductions due for month ended 5 February 2024. (If you pay your tax electronically the due date is 22 February...
Read More...February 2, 2024
There are a number of reasons why you might need to complete a self-assessment return. This includes if you are self-employed, a company director, have an annual income over £150,000 and / or have income from savings, investment or...
Read More...February 2, 2024
It is not that long until the current 2023-24 tax year comes to an end and there are a number of year end payroll chores that must be completed. This includes sending a final PAYE submission for the tax year. The last Full Payment Submission...
Read More...February 2, 2024
If you have reached the State Pension age and continue to work, in most cases, you no longer need to pay National Insurance Contributions (NICs).
At State Pension age, the requirement to pay Class 1 and Class 2 NICs ceases. However, you...
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