Monthly Archives: September 2016

A reminder, that if either parent’s income exceeds £50,000 this will affect eligibility for Child Benefits. A tax charge, known as the ‘High Income Child Benefit Charge’ (HICBC), is payable if a parent has an individual income over £50,000 and: ·         either parent claims Child Benefit, or ·         someone else gets Child Benefit for a […]

Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance: ·         You may be able to reclaim all the VAT on a new car if you use it only for business. ·         The car must not […]

1 September 2016 – Due date for Corporation Tax due for the year ended 30 November 2015.   19 September 2016 – PAYE and NIC deductions due for month ended 5 September 2016. (If you pay your tax electronically the due date is 22 September 2016)   19 September 2016 – Filing deadline for the […]

Tax evaders are set to face tough new sanctions under plans detailed by HM Revenue and Customs today. The proposals will mean that those who do not come forward and pay outstanding taxes from offshore investments and accounts, could face even tougher penalties of up to three times the tax they try to evade, and […]