Self-Assessment tax returns threshold to change for 2023-2024 tax year
HM Revenue & Customs (HMRC) has revealed plans to increase an individual’s income threshold before being required to submit a self-assessment tax return.
Category Tax
Quarterly VAT return and payment deadline approaching
Most businesses in the UK will need to submit VAT returns and payments every three months, with strict deadlines for these submissions set in place by HM Revenue & Customs (HMRC).
Financial considerations of building a new brand
When it comes to creating a new brand, considering your finances is a vital part of the planning stage as you need to ensure you have the budget for all your goals.
Is your business ready for the new tax year?
Getting the tax year off to a good start will help you to optimise your overall financial position. But you need to plan ahead.
How do I grow my business internationally?
Many businesses find that they have gone as far as they can in the domestic market and are looking for new frontiers to explore.
Self-Assessment taxpayers warned of next payment deadline
Taxpayers have been reminded that a penalty deadline for unpaid Self-Assessment tax is imminent.
What do you need to know about Inheritance Tax?
Are you thinking about the tax implications of your estate and what this could mean for your loved ones after you pass?
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.
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.