Tax Return Deadline
HMRC have been reminding everyone through radio, TV and the newspapers that the filing deadline for 2013/14 tax returns is 31st January 2015.
If your tax return is not received and accepted by HMRC prior to this date then a penalty of £100 will be charged even if there is no tax to pay. Any tax liabilities must also […]
HMRC has announced that it will exempt employers with fewer than 50 staff from Real Time Information (RTI) late filing penalties until 6 March 2015. Until that date, they will be allowed to submit PAYE information monthly.
RTI requires employers to provide information about tax and National Insurance deductions every time they pay an employee rather than annually. The original deadline […]
The Government is continuing to promote research and development (R&D) with a range of tax incentives. R&D capital expenditure is liable to an automatic 100% deduction under capital allowances so it is worth considering the possible benefits to your business.
There are two schemes, one for large companies and one for ‘small and medium sized enterprise’ (SME) companies. Both schemes provide […]
The 2014 Budget included a new NI break for employers with young workers. What steps are needed for your company to take advantage of it?
Budget Recap. Among several measures intended to encourage companies to take on young workers, the chancellor announced that employers’ NI contributions would be scrapped for certain employees, but not until April 2015. With that date on […]
HM Revenue and Customs (HMRC) is introducing penalties for employers who report their information late from:
6th October 2014 for employers with 50 or more employees
6th March 2015 for employers with fewer than 50 employees
When Penalties are charged
You can get a penalty if:
Your full payment submission (FPS) was late
You didn’t send the expected number of FPSs
You didn’t send an Employer Payment […]
HMRC have been reminding everyone through radio, TV and the newspapers that the filing deadline for 2012/13 tax returns is 31st January 2014.
If your tax return is not received and accepted by HMRC prior to this date then a penalty of £100 will be charged even if there is no tax to pay. Any tax liabilities must also be paid […]
Has your 2012/13 tax return been completed and submitted to H M Revenue & Customs?
The deadline for online tax return submission for this year is 31 January 2014.? This is also the due date for any balancing payment of tax due for the year 2012/13 and the 1st Payment on Account towards 2013/14.
Do you know how much you have to […]