News and Events - Page 9

Our pocket guide to 2023/24 tax rates will help you make sense of all the different areas of tax and how they might affect you. This useful guide outlines the tax rates for the next financial year.

Tax investigations can happen to anyone – whether you are an individual or in business. Our tax protection service means you can rest assured that you are protected against the
professional costs associated with an HMRC enquiry.

Why not use our tax rates guide and online tax calendar to help you manage those important deadlines in the year ahead.

We have examined the details of Jeremy Hunt's first Spring Budget and hope the following highlights, which we feel will be the most significant, will be helpful.

With the government extending the voluntary National Insurance deadline should you be making extra contributions to your pension?

On 1 April 2022, the Register of Persons Holding a Controlled Interest in Land (“RCI”) came into being in Scotland. This will have implications for landowners and tenants.

The UK Government has announced the annual increases in National Minimum Wage rates to apply from 1 April 2023.

If you’re a taxpayer and you’re concerned that you cannot pay your tax bill on time, you have the option to set up an online “time to pay” arrangement with HMRC.

There is now less than a week to pay 2021/22 self-assessment tax bills or face a penalty equal to 5% of the outstanding tax. Friday 3 March is the final deadline to settle any outstanding tax charges for 2021/22

In January this year a new penalty points system was introduced for the late filing of VAT returns and the late payment of VAT.

Wednesday 5 April 2023 sees the end of the current tax year so now is the time to think about how to make the most of the allowances and reliefs available to you.

The deadline to complete your self-assessment tax return for the tax year 2021/2022 is the end of this month, 31 January 2023.