Salford Tax Specialists Ltd Blog
HMRC verifies filing tax returns early this year could imply reimbursements are paid earlier
HM Revenue and Customs (HMRC) has revealed that nearly 66,500 people across the UK filed their 2021/22 income tax return on the very first day of the new tax year.HMRC stated that in recent years, boosting varieties of "early-bird" customers have been filing their...
TOP 6 SELF ASSESSMENT INCOME TAX RETURN ALLOWANCES: ARE YOU LOSING OUT?
With costs increasing significantly and budgets currently extended, companies and also people quite actually can't pay to lose any kind of money. Spending in all areas is under close analysis, with businesses and also people looking for means to minimise ...With...
HMRC approves Covid-19 bulk appeals for 2nd year
In a repeat of last year's methods, HMRC will certainly be approving bulk appeals from representatives with clients affected by the pandemic. With the effects of Covid-19 leaving several still reeling, HMRC confirmed it will once again approve mass appeals against tax...
WHY FILING EARLY IS THE KEY TO FINANCIAL SUCCESS?
It's a usual assumption that you will need to pay your tax expense early by filing your Self Assessment tax return before the target date. This isn't the instance. The day for paying any type of tax you owe (your balancing payment and first repayment on account)...
6 ways self-employed individuals can take care of their money throughout the cost of living crisis.
More individuals are starting their very own businesses following the coronavirus pandemic.The number of self-employed people has continuously increased over the last two decades, climbing from 3.2 million in December 2000 to over 5 million at the start of 2020,...
VAT-efficient supplies to directors as well as workers
Since you and your fellow directors typically work from residence you need more recent and also far better IT devices. The company will certainly buy it wholesale to obtain a discount rate and after that move it per employee. What's one of the most VAT-efficient way...
HMRC redefines “business activity” for VAT
A lot more employees than ever appear to be working from the house. Nevertheless, it is often impossible for workers to do their employment duties at home, so they must work at their company's business premises.Living closer to work If an employee lives some range...
Tax relief– And a ‘Lie-In’!
A lot more employees than ever appear to be working from the house. Nevertheless, it is often impossible for workers to do their employment duties at home, so they must work at their company's business premises.Living closer to work If an employee lives some range...
Were HMRC’s assessments provided in time?
The First-tier Tribunal lately ruled on a future fight over the validity of tax assessments A key problem was whether the taxpayer's delay offered HMRC the right to prolong the moment restrictions for issuing them. What was the end result? Exploration...