 |
Welcome...
To November's Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.
If you need further assistance just let us know or you can send us a question for our Question and Answer Section.
We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.
Please contact us for advice on your own specific circumstances. We're here to help!
|
|
|
|
|
| The Chancellor dismisses wealth tax as 'mistake' |
top |
|
|
With the Autumn Budget merely weeks away, Rachel Reeves said it would be a "mistake" to impose wealth taxes she described as "unproven", even as she hinted that further tax rises could still be on the way
Read More
|
| |
| How the Chancellor could raise money without taxing the rich |
top |
|
|
| Tax evasion crackdown on dodgy employers |
top |
|
|
With the Government promising not to raise income tax, National Insurance or VAT, what options are left for them to try and fill the gap in public finances? They say that those with the broadest shoulders should bear the brunt of the tax burden, but the Chancellor says she has ruled out a wealth tax. Read More
|
The crackdown targets fraudulent use of "umbrella companies" - sometimes legitimate but often used by rogue operators who fail to pay employment taxes while acting as the worker's nominal employer. Read More
|
| |
| HMRC warns home workers about rogue tax advisors |
top |
|
|
HMRC has issued a warning to people working from home about tax refund scams. Some companies and online ads offer to submit work-from-home tax claims on behalf of employees, taking commission from refunds and risking fraudulent claims.
Read More
|
| |
| November Questions and Answers |
top |
|
|
|
Q: I am widowed, and my £550,000 estate (includes my home) will be left to my children in a family trust deed. It was executed in 2017. Will they pay tax? Answer
Q: I have a SIPP (self-invested personal pension) and will become a higher-rate taxpayer this tax year. How do I claim the additional tax relief?
Answer
Q: I'm selling my house to someone whose house I am buying. It is worth £50,000 more than mine, so can I gift my home and just pay stamp duty on the £50,000? Answer
|
1st
- Corporation Tax payments are due for companies with a year-end of 31st January.
19th
- For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC.
- It is also the deadline for employers operating PAYE to pay HMRC by post, for October.
22nd
- Deadline for employers operating PAYE to pay HMRC electronically, for October.
30th
- Corporation Tax Returns (CT600 form) are due for companies with a year-end of 30th November.
|
| |
|
|
|
|
Please contact us if we can help you with these or any other tax or accounts matters.
In addition, if there's anyone else who you think would benefit from the newsletter, please forward the email to them or ask them to contact us to be added to the newsletter list.
|
If you are not already a client and are interested in becoming one, we would love to come to meet with you to discuss how we can help and provide you with a competitive quote for our services.
All new client consultations are provided free of charge and without obligation.
|
| |
|
|
Simpson & Associates (Accountants) Ltd are a firm of Chartered Accountants based in Westbourne, offering local business owners and individuals a wide range of Accountancy and Taxation services.
All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website https://www.completeaccountancyplus.co.uk for more information.
|
| |
If the images do not show.
If the images contained within this email do not show correctly please add this email to your safe senders list.
|
| |
