by Karen | Dec 14, 2021 | Accounting, HMRC, Self Assessment, Self employment, Tax
The January self-assessment payment deadline is not well timed, falling as it does in a month when people may be already struggling to pay their Christmas credit card bills. However unpalatable the 31 January tax deadline is, it is not one that should be ignored....
by Karen | Dec 8, 2021 | Accounting, HMRC, Self Assessment, Self employment, Tax
The self-assessment tax return for 2020/21 must be filed online by midnight on 31 January 2022 if a late filing penalty is to be avoided. The exception to this is where a notice to file a return for 2020/21 was issued after 31 October 2021, in which case the filing...
by Karen | Nov 29, 2021 | Accounting, Covid-19, HMRC, Self Assessment, Tax
If you are self-employed and you received Covid-19 support payments during the pandemic, you may need to report these on your self-assessment tax return. If you are an employee and you were furloughed and received furlough grants under the Coronavirus Job Retention...
by Karen | Nov 22, 2021 | Accounting, Benefits, HMRC, Pensions, Tax
The normal minimum pension age (NMPA) is the age at which most pension savers can access their pensions without incurring an unauthorised pension charge (unless they take their pension earlier due to ill-health). Registered pension scheme cannot normally pay any...
by Karen | Nov 15, 2021 | Accounting, Business Costs, HMRC, Tax
As part of the Government’s push to encourage drivers to ‘go electric’, the Transport Secretary, Grant Shapps, announced an extension to a £50 million Government fund to install electric charge points. The fund aims to help small business to gain access to the...
