Your tax dates for the month ahead.
Category Archives: Self Assessment
Your tax dates for the month ahead.
Your tax dates for the month ahead.
A big issue for some of us will be that the bill we have just paid with was bigger than anticipated, due to tax changes that came in at the start of the last tax year, in April 2016.
Your tax dates for the month ahead: 1 March 2018 – Due date for corporation tax due for the year ended 31 May 2017. 2 March 2018 – Self assessment tax for 2016/17 paid after this date will incur a 5% surcharge. 19 March 2018 – PAYE and NIC deductions due for month ended 5 […]
In addition to the current £5,000 tax free dividend allowance and the personal savings allowance of up to £1,000 there will be two further tax free allowances starting from 6 April 2017. These will be: A £1,000 Tax Free Allowance for Self-Employed income A £1,000 Rental Income Allowance These new allowances mean that individuals doing a […]
In April 2016 HMRC introduced significant changes to the Construction Industry Scheme (CIS). What do your clients need to know? Reason for change – In 2014 HMRC announced changes to the CIS with the aim of making its processes simpler. In particular, it’s hoped that the new legislation will enable more businesses to achieve gross payment […]
Following the announcement in the Summer Budget of a major change to the taxation of dividends, HMRC has now published a factsheet which clarifies the rules. How will they work? Changes to taxation of dividends In the Summer Budget the Chancellor dropped a bombshell for owner managers of smaller companies by stating that, from April […]
… is not a reasonable excuse! However, it has been announced that HMRC will not contest appeals against the £100 late filing penalty in respect of 2013/14 tax returns where the taxpayer provided a reasonable excuse for not filing on time. In the past, HMRC has looked in detail to judge if each excuse is […]



