HM Revenue and Customs (HMRC) must receive your tax return and any money you owe by the deadline. The last tax year started on 6 April 2016 and ended on 5 April 2017. Submit your online return by 30 December if you want HMRC to automatically collect tax you owe from your wages and pension. You must be eligible. HMRC must […]
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Chancellor of the Exchequer Philip Hammond has delivered his second Budget. Here we have revealed the key announcements made. Stamp duty From today, the government will abolish stamp duty for all first-time buyers for homes worth up to £300,000, and buyers will pay £5,000 less on purchases between £300,000 and £500,000. This will mean 80pc of first-time buyers pay no […]
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Four foundations of Making Tax Digital 1. Better use of information Making Tax Digital presents significant benefits for our customers. It will mean that they will not have to give HMRC information that it already has, or that it is able to get from elsewhere – for instance from employers, banks, building societies and other government departments. Digital […]
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Ministers confirm a new timetable for Making Tax Digital. Three million of the smallest businesses and landlords will be able to move to the new digital system for keeping tax records at a pace that is right for them, Ministers announced today as they set out the next steps for the Finance Bill. The government has […]
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Self Assessment 31 July 2017 – deadline for your second Self-Assessment payment on account for tax year ended 5 April 2017. 31 October 2016 (midnight) – deadline for paper Self-Assessment return for tax year ended 5 April 2017. 31 January 2018 – deadline for online Self Assessment return for tax year ended 5 April 2017. […]
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1 June 2017 Due date for Corporation Tax due for the year ended 31 August 2016. 19 June 2017 PAYE and NIC deductions due for month ended 5 June 2017. (If you pay your tax electronically the due date is 22 June 2017.) 19 June 2017 Filing deadline for the CIS300 monthly return for the […]
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“I’ve been reading around the rules of cash Isas with regard to how many you can have and pay into. I am a little confused. As far as I understand you can only pay into one cash Isa each year. But I’ve also heard you can transfer money between accounts. I’m a bit lost so […]
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Changes to the Inheritance Tax system could have far-reaching implications for homeowners Recent post-Budget analysis may have concentrated on the U-turn over National Insurance for the self-employed, but another tax change introduced on 6 April 2017 could have far-reaching implications for homeowners. This tax change means parents and grandparents are able to leave homes worth […]
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19 January 2017 Quarterly payment PAYE Tax and NIC for year ended 1 January 2017. Deadline for postal payments remittance of PAYE, NICs and CIS to HMRC. 22 January 2017 Quarterly payment PAYE Tax and NIC for year ended 1 January 2017. Deadline for electronic remittance of PAYE, NICs and CIS to HMRC for month […]
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Philip Hammond has delivered his first Autumn Statement as chancellor. These are the key points. Public borrowing/deficit/spending Government finances forecast to be £122bn worse off in the period until 2021 than forecast in March’s Budget Debt will rise from 84.2% of GDP last year to 87.3% this year, peaking at 90.2% in 2017-18 Office for Budget […]
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