by Darren Fagan | Nov 27, 2019 | Business, Tax News
Question: My client ran his decorating business for three years as a sole trader and is now going to incorporate. As a sole trader his turnover never quite reached the registration threshold but he will VAT register when he incorporates as a lot of his customers are...
by Darren Fagan | Mar 20, 2019 | Tax News
Please find below the updated Thresholds and Rates for 2019/20 these come into effect from 6th April 2019Tax thresholds, rates and codesThe amount of Income Tax you deduct from your employees depends on their tax code and how much of their taxable income is above...
by Darren Fagan | Oct 19, 2018 | Tax News
The government has increased the loan repayment thresholds for student loans by 2.9% and confirmed the introduction of a postgraduate loan system deductible from PAYE effective April 2019 The increase in Student Loan Plan 1 and Plan 2 thresholds will take effect from...
by Darren Fagan | Nov 17, 2017 | Business, Tax News
HMRC has increased its interest rates for late paid tax and NIC from 21 November 2017 by 0.25% but no increase to repayment interest rates. The current late payment and repayment interest rates applied to the main taxes and duties that HMRC currently charges...
by Darren Fagan | Nov 10, 2017 | Business, Tax News
In the run up to January’s online self assessment tax return deadline, the Low Incomes Tax Reform Group (LITRG) is warning of the risk that HMRC will issue any repayments due to last used debit or credit card, rather than the bank payment instructions entered on the...
by Darren Fagan | Oct 20, 2017 | Business, Tax News
Cyber criminals have been targeting UK taxpayers with fake VAT return messages claiming to come from HMRC which, when opened, could infect PCs with a Trojan virus and allow them to take over the victim’s computer, according to information security specialists...
