Reporting PAYE information 'on or before' paying employees - News Article Northern Ireland : Finegan Gibson HMRC have announced that the relaxation which has permitted some employers with no more than nine employees to report their PAYE information for the tax month 'on or before' the...
HMRC reveal tax return statistics and worst excuses - News Article Northern Ireland : Finegan Gibson HMRC have revealed that 10.39 million Self Assessment tax returns were completed ahead of the 31 January deadline which is more than 92% of the total returns expected, and 150,000...
In a measure designed to stimulate business investment, the Annual Investment Allowance (AIA) was further increased in the Budget 2014 to £500,000. This meant that businesses investing in purchases of qualifying plant or machinery, such as machinery, vans or computer equipment, could benefit from an increasing...
The government has announced that it will implement a package of improvements to the CIS. The aim of the changes is to reduce the administrative burden on construction businesses. The measures should result in more subcontracting businesses being able to achieve and maintain gross payment status...
HMRC have announced that registration for the new ‘Marriage Allowance’ for married couples and those in civil partnerships is now open. It is estimated that more than 4 million married couples and 15,000 civil partnerships could benefit from an annual tax reduction of up to £212,...
House prices “bounced back” in January, with the Halifax reporting a quarterly rise of 1.9% across the UK. The measure compares prices in the three months to the end of January with the previous quarter. According to the Halifax prices in January alone increased by 2%, compared...
HMRC oversaw the biggest digital Self Assessment event ever this year, receiving 10.24 million tax returns by midnight deadline on 31 January – a record 85.5 per cent of which were sent online, it revealed. However, as many as 890,000 people face a £100 fine for...
Rumours that Entrepreneurs’ Relief will be scrapped after the election have led to a marked increase in owner managed businesses seeking advice on trade sales and management buyouts. The rumours follow the release of an National Audit Office paper in November which said the cost of...
Why it might be a good idea to bring forward your purchasing plans… In a measure designed to stimulate business investment, the Annual Investment Allowance (AIA) was further increased in the Budget 2014 to £500,000. This meant that businesses investing in purchases of qualifying plant or machinery,...
Avoid these bizarre excuses for not submitting a late tax return… Last year more than 10 million tax returns were received by the 31 January filing deadline in 2014, beating the previous year’s total of 9.61 million. The record for the number of online returns filed over the...