Topping up NI Contributions – Deadline Extended

Topping up NI Contributions – Deadline Extended

Extended Deadline The Government have announced that taxpayers will have until the 31st of July 2023 to make Class 3 voluntary National Insurance (NI) contributions going back to April 2006. This will help them plug gaps in their contribution record. State Pensions To...
P11D Deadline Looming: Expenses and Benefits

P11D Deadline Looming: Expenses and Benefits

Expenses and benefits: P11D deadline looming To stay on the right side of HMRC’s expenses and benefits legislation, P11Ds need to be filed by 6th July. Here we take a look at the P11D form; what’s included, what’s exempt and what the penalties are for filing late....
VAT Returns – The Key Dates

VAT Returns – The Key Dates

It’s important to know the relevant dates and deadlines to look out for when you’re filing your VAT returns; especially if you’ve just become VAT registered. What are my VAT quarters? Each VAT period is 3 months long, making up the 4 quarters of the...
Subsistence Per HMRC – EIM30240

Subsistence Per HMRC – EIM30240

Subsistence Per HMRC – EIM30240 Employers are allowed to reimburse qualifying employee expenses at benchmark rates specified in the Income Tax (Approved Expenses) Regulations, without need approval from HM Revenue & Customs (HMRC). This exemption is...
What is Tax Investigation Insurance?

What is Tax Investigation Insurance?

Anyone who submits an annual tax return can be picked at random for a compliance check by HMRC tax inspectors to see whether the right amount of tax and national insurance contributions are being paid based on the income. HMRC has in recent months adopted a more...