February 9, 2024
A client recently contacted us to ask about the tax implications for booking tickets for the Six Nations Rugby Championship. He was considering inviting both clients and staff…
January 3, 2024
With the start of another year, it’s time to think about the changes that lie ahead. Instead of skipping ahead to 1 April or 5 April, this year…
November 30, 2023
November 23, 2023
“Self Assessment tax returns must be filed and payments made by 31 January 2024 with HMRC charging interest (now at 7.75%) and penalties on any late payments.
If you are having difficulties making your tax payments and owe less than £30,000, you can set up a Time to Pay arrangement with HMRC online to avoid penalties – though interest will still be charged.”
“If you are building your own property, have you ensured that you have recovered as much of the VAT suffered on your construction costs as possible?
Discuss the position with your accountant to determine your full eligibility to recover VAT, and watch out for the time limits.”
“If you are thinking of selling your business, we would recommend seeking appropriate tax advice as early as possible to ensure there are no unexpected tax risks and liabilities.”