Tax Diary December 2018/January 201920181129040000

Tax Diary December 2018/January 2019

November 29, 2018
1 December 2018 - Due date for Corporation Tax due for the year ended 29 February 2018. 19 December 2018 - PAYE and NIC deductions due for month ended...
Tax on savings interest20181128040000

Tax on savings interest

November 28, 2018
In the current tax year, anyone with taxable income of less than £16,850 will have no tax to pay on interest received. This figure is calculated by ad...
CGT and investment clubs20181128040000

CGT and investment clubs

November 28, 2018
Investment clubs are loosely defined as a group of people who get together to buy and sell shares on the stock market with a view to making a profit. ...
VAT – FRS limited cost trader20181128040000

VAT – FRS limited cost trader

November 28, 2018
The VAT Flat Rate Scheme (FRS) has been designed to simplify a way a business accounts for VAT, and in so doing reduce the administration costs of com...
New advisory fuel rates published20181128040000

New advisory fuel rates published

November 28, 2018
Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used by employers who reimburse empl...
Pension automatic enrolment changes20181128040000

Pension automatic enrolment changes

November 28, 2018
Automatic enrolment for workplace pensions encourages many employees to start making provision for their retirement with employers, and as a bonus, go...
Coding out debts deadline20181128040000

Coding out debts deadline

November 28, 2018
The coding threshold entitles taxpayers to have tax underpayments collected via their tax code, provided they are in employment or in receipt of a UK-...
Claim tax relief for job related expenses20181128040000

Claim tax relief for job related expenses

November 28, 2018
Employees who use their own money to buy things they need for their job can sometimes claim tax relief for the associated costs. It is usually only po...
Inheritance Tax if you live abroad20181128040000

Inheritance Tax if you live abroad

November 28, 2018
The Inheritance Tax rules can be difficult to fathom when an expat or another person with connections to the UK living outside the country dies. The l...
When to report and pay Capital Gains Tax20181128040000

When to report and pay Capital Gains Tax

November 28, 2018
The annual Capital Gains Tax (CGT) exemption for individuals is £11,700 for 2018-19. A husband and wife each benefit from a separate exemption. Same-s...