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Self Assessment Late Payment Penalty

Self Assessment

Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April, HM Revenue and Customs (HMRC) has announced. The payment deadline for Self Assessment is 31 January and interest is charged from 1 February on any amounts outstanding. Normally, a … Read more

Off-Payroll Working Rules

IR35 Off payroll working rules April 2021

As of 6th April 2021 new off-payroll working rules come into effect. These will affect contractors who work through their own limited company, HMRC have compiled a factsheet for contractors who think they may be affected. Who The Rules Apply To Some rules already apply to all public sector clients, but from 6 April 2021 … Read more

Marriage Allowance

Marriage Allowance

Marriage Allowance offers individuals the chance to transfer part of their Personal Allowance to their husband, wife or civil partner. This could reduce their tax by up to £250 a year. For some couples, this could mean a backdated payment of up to four years of claims which could be as much as £1,188. It … Read more

Pay VAT deferred due to coronavirus

VAT flat rate scheme

How to pay VAT payments deferred between 20th March and 30th June 2020. You can pay now or get ready to join the VAT deferral new payment scheme. If you deferred VAT payments due between 20th March and 30th June 2020 and still have payments to make, you can: pay the deferred VAT in full, … Read more