Self Assessment – July 2019 Payments on Account

Second payments on account for the year ended 5 April 2019 are due to be paid to HMRC by 31 July 2019. Unfortunately, due to a glitch in the HMRC statements system, you may not receive a demand from HMRC for the payment.  HMRC had a similar problem in 2018, but we...

GDPR Regulations

The EU General Data Protection Regulation (GDPR) came into force on 25 May 2018 and its primary aim was to give control to individuals over their personal data. If any business breaches these regulations, they can be fined up to €20 million or up to 4% of the annual...

High Income Child Benefit Tax Charge

The High Income Child Benefit Tax Charge (“HICB”) has been around since January 2013, and most families are aware of its existence. However, there are still aspects of the HICB about which affected families must take notice.  And we still find people who are totally...

Happy New Tax Year!!

So, no sooner have we got everyone’s tax returns in for the 2017/18 tax year, the new year is upon us! We can now start submitting your tax returns for the 2018/2019 tax year, and there is no time like the present to get this done. Here are the benefits of early...

Reminder – Paying your Self-Assessment Tax

I’m sure most have you have settled your Self-Assessment tax return bill by now, but for those of you that haven’t, just a friendly warning:     Late payments: HMRC will automatically charge interest from 1st February on all late payments HMRC will add a fixed 5%...

Brexit – things to consider for your business

Brexit On 29th March – Brexit will happen, or something will happen, or not.  Who knows? But every business will be affected in one way or another by Brexit or at least the uncertainty surrounding it. The following must not be read as a pro or anti- Brexit – just...