Posts by Paige Collins
Business owners could seek to earn interest on directors’ loans with little-to-no tax implications. Although only patient directors willing to meet the reporting requirements will benefit. The rate of interest charged by HMRC on late tax payments is currently 6.75. However, the rate charged on a beneficial loan for 2023/24...
Neglected Child Trust Funds lying unclaimed
A recent investigation into Child Trust Funds (CTFs) by the National Audit Office (NAO) has...Business turnover threshold changes
With basis period reform now underway, HMRC is looking at further tax simplification for sole...Paper tax returns under review
More than 12 million taxpayers file self-assessment tax returns, but less than 3% do so...
Dividend payments can be taken out of a limited company by the director only if the company has distributable profits.
Setting up a business requires a great deal of thought, but it offers a great opportunity if you have been...
Most directors and employees will already have been issued a tax code for the 2023/24 tax year, and it is...
HMRC continues its debt enforcement, collecting more tax owed and increasing winding-up petitions filed against companies.
The eligibility for some bereavement payments has now been extended to unmarried couples, but there are two major caveats. Where...
Late VAT returns face points-based penalty from Jan 2023. May is the first affected quarterly return under the new system.
