Between January and March 2012 HM Revenue and Customs are sending out revised tax codes for the tax year which begins on 6th April 2012. Not everyone will receive a notice of coding but, where a tax code is sent … Continue reading
31 January 2012 Many individuals don’t have the cash to pay their tax by the 31 January so HMRC charge interest and penalties on any outstanding liabilities. You must pay any tax you owe by 31 January following the end … Continue reading
Deadlines for sending in your tax return The deadline for paper returns is long passed and therefore you must send an online tax return to reach HMRC by midnight on 31 January 2012.The deadline has also passed (31 December) if … Continue reading
After some considerable delay, the Bribery Act 2010 came into force on 1st July 2011 and applies throughout the UK i.e. including Northern Ireland. The question for many businesses, particularly those dealing with other businesses or with government officials will … Continue reading
The deadline for renewal is 31 July 2011. If you don’t renew your payment will stop and you may be asked to repay any overpayment. You need to renew if you have been sent an Annual Declaration form with an … Continue reading
An Annuity is the lifetime income you purchase from your Pension Plan. Annuity rates vary from one lifecompany to another, so you should always make sure you shop around to get the best deal available for you. This can be … Continue reading
The existence of an insurance scheme has attracted considerable interest amongst those required to make a tax return to HM Revenue & Customs. Bearing in mind the fact that full tax reviews can last for a period of twelve months, … Continue reading
The deadline for P11D, P11D(b) and P9D is 6 July 2011 and if you miss the deadline you may receive a penalty. You also need to ensure payment of the Class 1A NICs declared on form P11d(b) is received by … Continue reading
Northern Ireland businesses are currently being taxed 26% compared to 12.5% in the Republic. However this could soon change after a report from the Northern Ireland Affairs Committee. “On balance, we believe there is a convincing case for reducing the … Continue reading
The HMRC have decided to turn up the heat later this summer and target businesses trading above the VAT threshold but have failed to register for the tax. At present, the VAT threshold is £73,000 turnover and increases on an … Continue reading
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