If you have a business, the following are some of the more common tax deadlines coming up in December. VAT If your VAT quarter end is 30 November, you need to submit your return by 31 December (paper) or 7 January (online). Your payment is usually the same as the due date for your …
We thought you might be interested in this recent case. Our client base is mainly small businesses, but we were approached earlier this year to act for a client who was taxed solely under PAYE. The Background Our client worked for a local authority. In October 2002, she retired from that role and started receiving …
If you operate under the Construction Industry Scheme (CIS), HM Revenue and Customs (HMRC) are bringing new CIS penalties into effect from 6 October 2011. These are as follows: Initial failure to meet due date If a return is not received by HMRC by its due date of the 19th of the month, a penalty of …
HM Revenue and Customs (HMRC) have launched five new taskforces which will focus on tackling tax evasion in various parts of the country. The taskforces will target: Scrap metal dealers in Scotland, focusing on those who are deliberately suppressing their income or inflating expenditure to evade paying tax Construction traders who are self employed or …
If you use your own vehicle for business use – either within your own business or as an employee working for someone else – you will be aware of the concept of being repaid for the mileage you do on a ‘pence per mile’ basis. The following is a simple explanation of how this may …