by Admin | Jul 22, 2020 | Tax credits
Friday 31 July 2020 is the deadline day for families and individuals that receive tax credits to tell HMRC about any changes to their financial circumstances. As in previous years, there is likely to be a huge last-minute rush and it may be difficult to contact...
by Admin | Jul 22, 2020 | Income Tax
HMRC has issued a press release to remind Self-Assessment taxpayers of the opportunity to defer Income Tax payments due on 31 July 2020. This opportunity is available to taxpayers due to make their second payment on account for the 2019-20 tax year that is ordinarily...
by Admin | Jul 20, 2020 | Business Support
Practitioners may have noticed that the OTS has recently published an update on its thoughts for the update of Corporation Tax, the taxation of personal service companies and the self-employed. The report is entitled: Evaluation update and stock take of OTS work on...
by Admin | Jul 20, 2020 | Business Support
There is a well-worn cliché that says that no news is good news i.e. that bad news actually travels faster than good news. During the coronavirus period, we have been bombarded by proof that this is the case. Witness the very deliberate, daily statistics that...
by Admin | Jul 20, 2020 | Business Support
If you are self-employed, as a sole trader or in partnership, the profits from your business are treated as part of your income for Income Tax and self-employed National Insurance purposes. As a consequence, the amount of tax payable on your self-employment is...
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