1 month left to payroll employee benefits and expenses

Employers have one month left to register online to put expenses and benefits through payroll for the 2019/20 tax year, ahead of the deadline on 5 April 2019. Payrolling benefits in kind means most employee benefits can be taxed through payroll instead of through the...

1 in 4 SMEs say revenue ‘fluctuates wildly’

More than a quarter of small businesses experience large variations in their revenue throughout the year, according to research from Direct Line for Business. In a survey of 500 senior decision-makers at small and medium-sized businesses in the UK, 26% said their...

HMRC delays self-assessment penalty notices

Taxpayers who missed the January 2019 self-assessment deadline could see increased fines because of a delay to penalty notices. Individuals who did not file their 2017/18 self-assessment tax return by the deadline at midnight on 31 January 2019 will receive an initial...

Pressure builds for MTD delay

Two leading professional bodies have joined the Lords Economic Affairs Committee in calling for the Government to delay the introduction of Making Tax Digital (MTD) for VAT by one year. The Chartered Institute of Taxation (CIOT) and the Association of Taxation...

Self-assessment: the final countdown

Taxpayers who have yet to complete their self-assessment tax return for the 2017/18 tax year have until midnight on 31 January 2019 to file it online - or face a fine. People who are self-employed or have more than one source of income are usually required to complete...