Blog

Tax security deposits to be extended


July 17th, 2018

Continuing the theme from last week’s blog post, we have listed details of a forthcoming change to the taxation of companies that were disclosed in the draft clauses published last week for the forthcoming budget. The change outlined expands the rights of HMRC to demand a security deposit from “at risk” tax payers. In their […]


Do not fall for spoof emails from the taxman


July 12th, 2018

New figures show that HM Revenue and Customs (HMRC) requested a record 20,750 malicious sites to be taken down in the past 12 months, an increase of 29% on the previous year. Despite a record number of malicious sites being removed, HMRC is warning the public to stay alert as millions of taxpayers remain at […]


Advance notice


July 10th, 2018

Last week the Treasury issued draft clauses for the forthcoming Finance Bill (to be published after the Autumn Budget later this year). These will set the scene for tax matters 2019-20 and beyond. The aim of the advance notice is to give interested parties a chance to comment on the contents before government starts the […]


Tax Diary July/August 2018


July 6th, 2018

1 July 2018 – Due date for corporation tax due for the year ended 30 September 2017. 6 July 2018 – Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs. 19 July 2018 – Pay Class 1A NICs (by the 22 July 2018 if paid electronically). 19 […]


Director minimum salary levels 2018-19


July 6th, 2018

Many director shareholders take a minimum salary and any balance of remuneration as dividends. This tends to reduce National Insurance Contributions (NIC), and in some cases income tax. The planning strategy is to pay a salary at a level that qualifies the director for state benefits, including the state pension, but does not involve payment […]


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