It is hardly surprising that Brexit is fast becoming as big a turnoff as tax. How on earth are we supposed to react or adapt to such far-reaching changes when the exact details of our exit are still undecided just a few weeks before the March 2019 deadline? Businesses that buy or sell goods to […]
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Why does the UK tax year end 5th April?
January 15th, 2019
A bit of history this week but with a practical outcome for 2019. Up to 1582, Europe used the Julian calendar introduced by the Romans in 45BC. Unfortunately, the Julian calendar differed from the solar calendar by 11 ½ minutes; after 500 years this small difference meant that the Julian calendar was 10 days off […]
Have you received your tax statement?
January 10th, 2019
HMRC normally send out a tax statement this time of the year to all self-assessment taxpayers that have submitted a tax return for 2017-18. As we reported last week, this will list any balance of tax due for 2017-18 and the amount of any payment on account required for 2018-19 (if any is due). Both […]
Travelling to the EU after Brexit
January 8th, 2019
The following guidance was published on the GOV.UK website 20 December 2018. Much of the guidance has been updated on the basis of a no-deal Brexit. UK citizens planning a trip to the EU and EEA before 29 March 2019 are not affected by Brexit changes. The following comments assume a no-deal Brexit and would […]
Tax Diary January/February 2019
January 7th, 2019
1 January 2019 – Due date for Corporation Tax due for the year ended 31 March 2018. 19 January 2019 – PAYE and NIC deductions due for month ended 5 January 2019. (If you pay your tax electronically the due date is 22 January 2019) 19 January 2019 – Filing deadline for the CIS300 monthly […]