VAT on the costs of selling of a subsidiary
When a holding company sells shares in a subsidiary, the VAT incurred on the professional fees involved would normally be irrecoverable, on […]
Category: Specialist Tax News
Diary of main tax events July/ August 2024
Date What’s Due 01/07 Corporation tax payment for year to 30/9/23 (unless quarterly instalments apply) 05/07 Last date for agreeing PAYE settlement […]
Report employee benefits on form P11d by 6 July
P11d forms for reporting expenses and benefits in kind provided to employees and directors in 2023/24 need to be submitted by 6 […]
2023/24 employment-related securities returns due by 6 July
The deadline for reporting shares and securities and share options issued to employees for 2023/24 is 6 July 2024. This is the […]
Should employees reimburse their employer for private fuel?
Where a company car is provided for use by an employee or director there is a benefit in kind taxable on the […]
HMRC official rate of interest remains at 2.25%
HMRC have announced that the official rate of interest will remain at 2.25% for 2024/25, despite the Bank of England Base Rate […]
Should director/shareholders tax advantage of this lower rate?
As mentioned above the HMRC rate of interest on beneficial loans looks very attractive compared to the Bank of England Base rate […]
Advisory fuel rate for company cars
The table below sets out the HMRC advisory furl rates from 1 June 2024. These are the suggested reimbursement rates for employees’ […]
Diary of main tax events June/ July 2024
Date What’s Due 01/06 Corporation tax payment for year to 31/8/23 (unless quarterly instalments apply) 19/06 PAYE & NIC deductions, and CIS […]
Want to be part of beta testing of MTD for income tax?
Although making tax digital income tax self assessment (MTD ITSA) is not mandatory until 6 April 2026 at the earliest, it is […]
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