1 October 2023 – Due date for Corporation Tax due for the year ended 31 December 2022. 19 October 2023 – PAYE and NIC deductions due for month ended 5 October 2023. (If you pay your tax electronically the due date is 22 October 2023.) 19 October 2023 – Filing deadline for the CIS300 monthly

Companies House have published information that suggests their fees may be increasing in the near future. And it’s all to do with the ECCT Bill currently passing through parliament. To give it its full name, The Economic Crime and Corporate Transparency (ECCT) Bill will change the role and purpose of Companies House and will provide

A compulsory VAT deregistration is usually required where a VAT registered business: Stops making taxable supplies Sells a business Changes legal status Disbands a VAT group Joins a VAT group Joins the agricultural flat rate scheme In some circumstances it may be possible to keep the existing VAT registration number. A voluntary deregistration can be

The annual exempt amount applicable to Capital Gains Tax (CGT) is currently £6,000 and is set to be reduced to £3,000 from April 2024. CGT is normally charged at a simple flat rate of 20% and this rate applies to most chargeable gains made by individuals. If taxpayers only pay basic rate tax and make

Companies House has issued a news update targeted at companies who are due to file accounts by the end of September 2023. Generally, this would be for accounts ending 31 December 2022. In their update they said: All limited companies, whether they trade or not, must deliver annual accounts to us each year. This includes dormant

The Debt Respite Scheme, commonly known as the Breathing Space Scheme is designed to help those with problem debts. The scheme provides legal protections from creditor action while those affected receive professional debt advice in order to find an appropriate solution to their problems. The standard breathing space scheme has a 60-day respite period during

Self-assessment taxpayers are usually required to pay their income tax liabilities in three instalments each year. The first two payments are due on: 31 January during the tax year e.g., for 2022-23 the first payment on account was due on 31 January 2023. 31 July following the tax year e.g., for 2022-23 the second payment

The Tax-Free Childcare Scheme (TFCS) is open to all eligible families with children under 12. Latest figures have revealed that more than 470,000 families used the TFCS for 569,000 children in June 2023 with the government adding £53.6m in top-up payments. The TFCS helps support working families with their childcare costs. The scheme provides for

Recognising the need to maintain access to cash withdrawal facilities, the government is stepping in to set out a new access standard in the UK. The vast majority of people and businesses are set to be no further than three miles away from withdrawing cash under a new framework set out by the Treasury. A

The P85 form should be completed by individuals to advise HMRC that have left or are leaving the UK and intend to live or work abroad for at least one full tax year.   The completion of the P85 form will ensure that an individual leaving the UK can claim tax refunds to which they are entitled and will