23/Jan/2019Welsh rates of Income Tax
The Welsh Government has confirmed that the proposed Welsh Government Budget has been ratified and that the new Welsh rates of Income Tax (WRIT) will be set at 10p for 2019-20.
22/Jan/2019Tax Diary February/March 2019
1 February 2019 – Due date for Corporation Tax payable for the year ended 30 April 2018.
19 February 2019 – PAYE and NIC deductions due for month ended 5 February 2019. (If you
22/Jan/2019Auto-enrolment qualifying earnings band figures for tax year 2019/20 confirmed
The draft Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2019 has now been published. As expected, it freezes the earnings trigger, which determines when
22/Jan/2019Statutory payment rates for tax year 2019/20 confirmed
The following statutory payment rates are confirmed:
The standard weekly rates of Statutory Adoption Pay (SAP), Statutory Paternity Pay (SPP) and Statutory Shared Parental Pay
22/Jan/2019EU Settlement Scheme fee is to be scrapped
The Prime Minister has announced in a speech to the House of Commons that the £65 fee for applications made by EU citizens under the EU Settlement Scheme is to be waived. The
16/Jan/2019Don’t overclaim for equipment purchases
You can use the Annual Investment Allowance (AIA) to claim a very generous 100% first year tax relief for qualifying expenditure on plant and machinery. The allowance is available
16/Jan/2019Reducing payments on account
Taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first two payments are due on:
31 January during the tax year e.g. for
16/Jan/2019Carry back charitable contributions
Donations to charity over the course of a tax year can add up and taxpayers must ensure they keep a proper record of all donations to backup tax return entries. Donations that are
16/Jan/2019Remaining age related tax allowances
Most age related tax allowances have been phased out. However, the Married Couple’s Allowance (MCA) is available to elderly married couples or those in a civil partnership where at
16/Jan/2019Tax if clients leave the UK to live abroad
The P85 form should be completed by individuals or their agents to advise HMRC that have left the UK to live or are going to work abroad for at least one full tax year.
The
09/Jan/2019Automatic enrolment for the self-employed?
The government has confirmed that they are to examine a number of different approaches to help encourage the self-employed to save for their retirement. The success of automatic
09/Jan/2019New ‘global’ pound coin
HM Treasury has confirmed that the £1 coin will be going global. This announcement means that the UK’s Overseas Territories and Crown Dependencies will be able to design and mint




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