ClearTax and Accounting Ltd.

HMRC targets 2nd home sales

admin — Tue, 09 Apr 2013 22:16:36 +0000

Have you sold a rental property, holiday home or one that was inherited that was not your main residence, did you declare and pay any capital gain tax? If not then you have an opportunity to declare it to HMRC by the 9th August 2013 and pay tax by the 6th September 2013, voluntary disclosure [...]

The post HMRC targets 2nd home sales appeared first on ClearTax and Accounting Ltd..

31 Dec deadline PAYE code

admin — Fri, 09 Dec 2011 14:59:21 +0000

Remember to submit your tax return by 31 December if you wish HMRC to collect any tax owing (max limit of £3k) through your PAYE code.

The post 31 Dec deadline PAYE code appeared first on ClearTax and Accounting Ltd..

HMRC targetting private tutors and coaches…

admin — Fri, 04 Nov 2011 14:55:19 +0000

HMRC have launched a new campaign targetting private tutors and coaches e.g. academics, fitness instructors, dance teachers, life coaches, music teachers. They have until 6/1/12 to register with HMRC of their intention to make a voluntary tax disclosure of any tax not declared for the years up to 5.4.10. They then have until 31/3/12 to [...]

The post HMRC targetting private tutors and coaches… appeared first on ClearTax and Accounting Ltd..

Self assessment 2010/11 late filing penalty

admin — Sun, 16 Oct 2011 14:53:53 +0000

HMRC have introduced new late filing and payment penalties for self assessment 2010/11 tax returns so ensure you file on time – 31/10/11 for paper returns and 31/01/12 for online returns. If you are one day late filing your return HMRC will impose the £100 penalty irrespective of whether any tax is due. 3 months [...]

The post Self assessment 2010/11 late filing penalty appeared first on ClearTax and Accounting Ltd..

Turning over more than £73k and not VAT registered?

admin — Mon, 15 Aug 2011 14:52:24 +0000

HMRC have launched a campaign targetting businesses who are not VAT registered but are trading above the £73k VAT threshold. Letters will be sent out and the deadline for those who want to make full disclosure is 30th September. The benefit will be a reduced penalty rate of 10% on the VAT paid late.

The post Turning over more than £73k and not VAT registered? appeared first on ClearTax and Accounting Ltd..

HMRC 2nd payment of account by 31 July

admin — Fri, 29 Jul 2011 14:48:28 +0000

HMRC are late in issuing in some statements in time for the 2nd payment of account by 31 July. If you receive yours late then pay any tax due within 30 days of receipt to ensure that no interest will accrue for late payment.

The post HMRC 2nd payment of account by 31 July appeared first on ClearTax and Accounting Ltd..

Self Assessment 2nd Payment on account

admin — Mon, 11 Jul 2011 14:46:57 +0000

Self Assessment 2nd Payment on account for tax year 2011/12 needs to be paid to HMRC by 31 July.

The post Self Assessment 2nd Payment on account appeared first on ClearTax and Accounting Ltd..

PAYE quarterly payments

admin — Fri, 08 Jul 2011 14:40:57 +0000

PAYE quarterly payments for small employers for the pay period 6/4 to 5/7 that are paid electronically to HMRC have to be cleared by 22 July.

The post PAYE quarterly payments appeared first on ClearTax and Accounting Ltd..