If you’re a director of a limited company in the UK who pays yourself via a combination of salary and dividends, this is for you! A simple guide to your tax obligations and how to plan ahead …
Category Archives: Tax advice
11
Mar
Mar
The accountant’s failure to grasp fundamental principles of capital gains tax led to incorrect reporting
HMRC, PAYE, Self Assessment, Tax advice, VAT Compliance
Spring Budget 2024 – Your Essential Tax Rates
08
Mar
Mar
Stay updated on the crucial tax rates for 2024 with Budget 2024. Make smart financial choices with accurate and reliable information with Moorgate.
26
Feb
Feb
Scam Season for Self Assessment Tax Clients In the wake of the self-assessment deadline, HMRC has shifted its focus to raising awareness about the prevalence of fraudulent tax refund offers, urging the public to remain vigilant against potential scams. They are emphasising the relentless nature of criminals who exploit such deadlines for personal gain. […]
23
Feb
Feb
HMRC’s Screeching U-turn on Double-Cab Vans Only a week after HMRC released new guidance that classed double-cab pickups as cars rather than vans, the government has now performed a screeching U-turn and has reversed this decision. HMRC had recently revised its interpretation of how double-cab vans would be treated for income tax purposes (12th February […]
14
Feb
Feb
The Tax Implications of Benefits In Kind When managing a business, it’s crucial to understand that providing benefits, perks or covering expenses for employees comes with tax implications. Completing a P11D The P11D form is an annual document submitted to HMRC by employers. It lists expenses or benefits provided to employees during the year. If […]
07
Feb
Feb
It’s Never Too Early to Think About Your Tax Return Tax can be pretty intimidating. Even the toughest among us can feel the pressure when tax season rolls around. And let’s face it, sometimes we leave things until the very last minute, hoping for the best. We had many clients last month who really […]
Compliance, Moorgate update, MTD, PAYE, Payroll, Self Assessment, Tax advice, VAT Compliance
Autumn Statement – November 2023
23
Nov
Nov
Autumn Statement 2023 On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National Insurance changes and also the reform of work-related state benefits. Income […]
20
Oct
Oct
Super-tax expert Our super-tax expert James Brinded received a very interesting thank you this week. It was from a client for whom he battled with HMRC, in order to save her tens of thousands of pounds. Because that’s what heroes do. His marvel-lous ability to harness the power of numbers meant he was able to […]