Contractors in the CIS (Construction Industry Scheme) usually file tax forms online, but now the HMRC proposes that the employers need to do an electronic check that sub-contractors are paying the right amount tax. This suggestion has been made with the objective of increasing the tax revenue received from the CIS scheme, which has largely […]
The general rule is that if you miss the PAYE deadline of the HMRC or break one of many established rules where a penalty applies HMRC will let you know immediately the penalty applicable. However, the new PAYE late payment penalties are somewhat different from the other penalties.
If you’re looking for a low admin benefit to be given to your employees, vouchers may be the answer. The range of goods and services you can provide this way is huge, making them more appealing to your employees.
Where you buy goods or services that are used only for business, the view of HMRC is that you can reclaim a fair and reasonable proportion of the VAT. But in some cases you can reclaim the entire amount.
Every business owner has an objective in mind. Whether it is to increase the revenue, expand the market share or cut down on costs, a business owner needs to pay attention to the core revenue generating aspect of his business. Small business and start up business owners have many things to worry about from regulatory […]
Deadline for filing your tax return For individuals in the UK, the deadline for filing your paper tax return is 31 October each year. For online filing of tax returns the deadline is 31 January each year. If you happen to file you paper tax return after 31 October or your online tax return after […]