Diary of main tax events August/ September 2023

Date What’s Due 01/08 Corporation tax payment for year to 31/10/22 (unless quarterly instalments apply) 19/08 PAYE & NIC deductions, and CIS […]

With all of the changes to personal pensions in the Spring Budget, maximising the State Pension entitlement should not be overlooked. The […]

In the Spring Budget the Chancellor announced that “full expensing” – 100% relief for new, eligible plant and machinery – would replace […]

The VAT Flat Rate scheme was introduced in 2002 to simplify VAT reporting for small traders, reducing the time taken to calculate […]

During the COVID pandemic the government relaxed the conditions to enable those working from home to be paid £6 a week tax […]

HMRC frequently warn taxpayers that when a tax avoidance scheme looks “too good to be true”, it probably is. They publish “Spotlights” […]

Date What’s Due 01/07 Corporation tax payment for year to 30/9/22 (unless quarterly instalments apply). 05/07 Last date for agreeing PAYE settlement […]

The deadline for reporting shares and securities and share options issued to employees during 2022/23 is 6 July 2023. This is the […]

HMRC have announced that the official rate of interest will increase from 2% to 2.25% on 6 April 2023. The official rate […]

The HMRC rate of interest on beneficial loans looks very attractive compared to the Bank of England Base rate of 4.5% and […]