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Tax Diary May/June 2018
1 May 2018 - Due date for corporation tax due for the year ended 30 July 2017.19 May 2018 - ...
Let property disclosure campaign
Landlords that receive letting income should notify HMRC by 5 October after the end of the tax year for which ...
Non-resident landlord’s scheme
The Non-resident landlord (NRL) scheme is a special scheme for the UK rental income of non-resident landlords. This includes companies ...
What is a PET?
Most gifts made during a person’s life are not subject to tax at the time of the gift. These lifetime ...
Don’t forget to handout P60s
The deadline for employers to provide employees with a copy of their P60 form is by 31 May 2018. A ...
Claiming for job related expenses
Employees who use their own money to buy things they need for their job, can sometimes claim tax relief for ...
How much does Class 4 NIC cost?
There are currently two types of national insurance contributions (NICs) payable by most self-employed people. These are known as: Class ...
Renewing tax credit claims
Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2018 ...
What plant purchases qualify for a tax allowance?
Most day to day business expenses can be deducted from business income when calculating your taxable profits. However, the rules ...
Extra tax relief for married over 80s
The Married Couple's Allowance (MCA) is available to elderly married couples or those in a civil partnership, where at least ...
Sugar tax takes the sweetness out of soft drinks
The new Soft Drinks Industry Levy came into effect with the start of the new tax year on 6 April ...
Court rules on online filing penalties
The Construction Industry Scheme (CIS) is a set of special rules for tax and national insurance (NI) for those working ...