Eligible couples urged to apply for tax reduction
August 11th, 2022

Thousands of couples could be missing the opportunity to reduce their tax by £250 a year. Married couples and people in civil partnerships can sign up for Marriage Allowance, which allows them to share their personal tax allowances if one partner earns below the Personal Allowance threshold of £12,570, and the other is a basic […]

Thousands of businesses at risk of import delays
August 9th, 2022

Businesses are being warned they could risk significant delays to importing goods if they don’t move to the UK’s new streamlined customs system. Organisations submitting import declarations must use the Customs Declaration Service from 1 October 2022, when the Customs Handling Import and Export Freight (CHIEF) system will close for import declarations. Businesses should check […]

Businesses unite to create summer offers for struggling families
August 4th, 2022

Families struggling to make ends meet in the cost-of-living crisis will be able to take advantage of special deals over the summer holidays. Some of the UK’s biggest businesses have signed up to offer discounts and deals through the Government’s Help for Households Campaign. Asda, Morrisons, Amazon and Vodafone are among those supporting the initiative […]

Tax Diary August/September 2022
August 2nd, 2022

1 August 2022 – Due date for corporation tax due for the year ended 31 October 2021. 19 August 2022 – PAYE and NIC deductions due for month ended 5 August 2022. (If you pay your tax electronically the due date is 22 August 2022) 19 August 2022 – Filing deadline for the CIS300 monthly […]

Tax when selling personal possessions
August 2nd, 2022

There are certain circumstances when you will pay Capital Gains Tax when selling personal possessions. You may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) a personal possession for £6,000 or more. For example, you may need to pay tax on sale of personally owned […]

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