Category: Tax
Sep 10, 2019 | TaxHow Capital Gains Tax On Property Will Change From April 2020
Summary. Starting from April 2020, taxpayers must pay capital gains tax (CGT) on residential property sales within 30 days of completion, marking a significant departure from the current self-assessment system. This rule applies to both UK and overseas properties, with penalties for non-compliance. Thomas Nock Martin offers expert advice on navigating these changes. In April […]
Jun 25, 2019 | TaxSelf-Assessment Tax Returns | When Should You File Yours?
Summary. HMRC publishes an annual list identifying the right time for filing self-assessment tax returns online, including exclusions due to specific job circumstances. Checking this list ensures accurate tax filing, as ignorance or disregard may result in incorrect tax payments. Every year HMRC publishes a list of when the right time is for you […]
May 08, 2019 | TaxHow does the salary sacrifice scheme work with the P11D form?
The P11D deadline for the salary sacrifice scheme is almost upon us for 2018/19. However, it’s likely that this is the first time as an employer that you will have to include benefits provided to your employees through a salary sacrifice scheme. So if you’re asking yourself ‘how does the salary sacrifice scheme work?’ read […]
Apr 20, 2019 | TaxMaking Tax Digital for VAT | A guide to MTD
Summary. Making Tax Digital (MTD) for VAT requires businesses above the threshold to maintain tax and financial records digitally and file VAT returns online. The right software connects with HMRC’s platform, ensuring compliance. Some businesses may qualify for MTD exemptions based on turnover or other criteria. When it comes to making tax digital for […]
Mar 11, 2019 | TaxHelp – I’ve missed the tax self-assessment deadline!
Summary. HMRC delayed self-assessment penalty warnings this year, affecting 731,186 taxpayers who missed the deadline. The standard £100 late fee will rise by £10 a day starting May 1st. Brexit-induced delays caused the postponement of penalty notices, but HMRC assures fair treatment. Taxpayers should file promptly to avoid additional fines. The self-assessment deadline has […]
