Penalties for Careless and Deliberate errors
March 6, 2023
As well as charging interest on tax paid late, HMRC may also levy a penalty where there is an error in a tax return. These
Tax Matters
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Our articles include tips on Tax and advise on handling your business resources and finances, as well as information on Employee well-being.
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Will the spring Budget stimulate Economic growth?
March 6, 2023
With the UK economy flat-lining the Chancellor is under pressure to announce measures to stimulate growth. There are even calls for him to cut corporation
New VAT Penalties For Late Returns
January 4, 2023
A new points-based system for late VAT returns starts for return periods commencing on or after 1 January 2023. A financial penalty will apply when
New Year Resolutions To Save Tax
January 4, 2023
At this time of year, we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the
Employers’ NICs In Relation To Ex-Military Staff
May 19, 2022
Last year the Government announced a one-year exemption from paying employers national insurance contributions (NICs) where military veterans are recruited by civilian employers. Employers can
Gift Aid Your Donations To Help Ukraine
April 13, 2022
For individuals and businesses wanting to donate money to help to support those suffering in Ukraine, there are a number of charities providing humanitarian relief.
Tax Payers Giving To Charities
December 17, 2021
Where possible taxpayers should “Gift Aid” any payments to charity to provide a further benefit to the charity. Higher rate taxpayers obtain additional tax relief
Your Outright Giving is Tax Efficient Giving
December 17, 2021
The rules for both inheritance tax (IHT) and capital gains tax (CGT) have remained broadly the same as last year. That means that each tax
Big Tax Bills For The Self-Employed In 2022/23
September 13, 2021
Draft legislation has been published to change the basis periods for the assessment of self-employed profits to coincide with the tax year. The proposed new
Guidance On SEISS Turnover Test Issued By HMRC
August 9, 2021
The fifth (and final) SEISS grant has been available for the self-employed to claim since the end of July. HMRC has been contacting those traders
