What do you need to know about salary and dividends?
If you are a business owner, you need to consider what to take in salary or in dividends.
Category Tax
Tax considerations for gifting to grandchildren in the UK
For many individuals in the UK, gifting to grandchildren can be a great way to reduce their tax burden. But before entering into any gifting arrangement, it is important to understand the various tax considerations that come with it. In…
HMRC penalties alert as 5.7 million still to file tax returns
Taxpayers have been warned that they could face a penalty after HM Revenue and Customs (HMRC) said 5.7 million were still to file their Self-Assessment returns.
Tax considerations for gifting to grandchildren in the UK
For many individuals in the UK, gifting to grandchildren can be a great way to reduce their tax burden. But before entering into any gifting arrangement, it is important to understand the various tax considerations that come with it. In…
Thousands file tax returns on Christmas Day
More than 22,000 taxpayers went online over Christmas Eve, Christmas Day and Boxing Day to complete their Self-Assessment tax return.
The Christmas gift allowance: how it works
Are you planning on treating your staff or clients this Christmas? Christmas gifts can be subject to tax, so it is important to understand these tax rules this festive season.
VAT – What to do if your details change
VAT-registered businesses must let HM Revenue & Customs (HMRC) of any changes to their details.
Have you filed your online Self-Assessment form?
The clock is ticking for taxpayers, as the countdown to submit online Self-Assessment tax returns has begun.
Self Assessment customers could be a target for fraudsters as deadline approaches
With the deadline for returning paper Self Assessment tax returns for the 2021 to 2022 tax year rapidly approaching, HM Revenue & Customs (HMRC) has warned taxpayers to be on the lookout for fraudsters.
Will you be paying less Income Tax from April?
During last week’s mini-Budget, The Chancellor, Kwasi Kwarteng made extensive changes to taxation.