The Economic Affairs Committee has warned HMRC that small businesses 'could pay a heavy price' for Making Tax Digital for VAT.Wednesday, December 5, 2018
The government has published a collection of documents in preparation for the scenario of the UK leaving the EU without a Withdrawal Agreement a so called 'no deal' Brexit.Wednesday, December 5, 2018
According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief.Wednesday, December 5, 2018
Some employers may wish to give a small gift to their employees.Wednesday, December 5, 2018
New company car advisory fuel rates have been published which took effect from 1 December 2018.Wednesday, December 5, 2018
HMRC has warned that university students are being bombarded with fake tax refund emails.Wednesday, December 5, 2018
The Office of Tax Simplification has published the first of two reports on inheritance tax.Wednesday, December 5, 2018
The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018.Tuesday, November 6, 2018
At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.Tuesday, November 6, 2018
A number of changes to capital allowances were announced at the Budget.Tuesday, November 6, 2018
The government announced, as part of the Budget, that some changes are being made to the rules for Entrepreneurs' Relief .Tuesday, November 6, 2018
HMRC has opened the Making Tax Digital for VAT public pilot.Tuesday, November 6, 2018
HMRC has issued the October 2018 Employer Bulletin.Tuesday, November 6, 2018
With less than 100 days until the self assessment tax return deadline of 31 January 2019, HMRC is urging taxpayers to complete their tax returns early.Tuesday, November 6, 2018
HMRC has issued a Partnership Pack to help businesses carry out contingency planning.Tuesday, November 6, 2018
Information and links about the budget reportFriday, December 14, 2018
Information and links about the autumn statementFriday, December 14, 2018
This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is Friday 21st December 2018 unless you are able to arrange a 'Faster Payment' to clear on or by Saturday 22nd December. In year interest will be charged if payment is made late. Penalties also apply.
This deadline is relevant for those individuals who complete a self assessment tax return online and who are employees. Where you have an underpayment you may request that HMRC collect the tax outstanding by making an adjustment to your tax code for the year 2019/20.
If we are already dealing with this matter on your behalf you need take no action.