If you have missed the filing deadline for self assessment tax, call our team at Moorgate for help and advise.
Category Archives: Tax advice
06
Feb
Feb
How Do I Claim Tax Relief on Expenses I Incur for My Job? You might be able to claim tax relief if• you use your own money for things that you must buy for your job • you only use these things for your work You cannot claim tax relief if your employer either gives […]
26
Jan
Jan
Tax Returns for Overseas Income If you’re living or working abroad, you may still have to pay UK tax on some or all of your income. It all depends on where the money’s coming from and what your tax residence status is. This is a very complex area of tax regulation, and the rules that […]
20
Jan
Jan
What is the Construction Industry Scheme (CIS)? The Construction Industry Scheme has been set up by HMRC to ensure subcontractors cannot evade tax within the UK construction industry and to protect them from false employment. Under the scheme, registered contractors deduct money from the subcontractor’s payments. This then goes directly to HMRC as advance payment […]
18
Jan
Jan
Why Should I Use An Accountant To Do My Self-Assessment Tax Return? Let’s be honest, no-one really wants to fill out their self-assessment tax return themselves. It’s a boring job that you do because you have to. And most likely, you put it off until the very last day possible before the 31st January deadline. […]
Compliance, Moorgate update, Tax advice
What you need to know about the November 2022 Autumn Statement and your Tax
22
Nov
Nov
The November 2022 Autumn Statement Moorgate offers a comprehensive tax summary of the Autumn Statement by the Chancellor of the Exchequer, Jeremy Hunt. The Autumn Statement included a significant number of new tax announcements summarised as follows:
19
Oct
Oct
Congratulations! As a Director of your own limited company you’re going places. Hopefully you’ve also earned some money and now you’re wondering, how you pay yourself? As a business owner and a Director of a Limited company you have options. Get Paid via PAYE or Payroll This is probably the easiest option available to you […]
28
Jul
Jul
How much Tax is there to pay on a ‘Cash Gift’? We received a call today from a prospective client asking us whether there would be any tax to pay by either him or the recipients of cash gifts he wanted to make. He had called 10 other accountants before us for advice: 7 of […]
16
May
May
There has been a growing trend in Self Assessments being submitted early to HMRC. In the last five years the number of SA’s submitted on the first day of the tax year has almost doubled. The deadline is 31 January 2023, however getting ahead of the game and submitting early is a good idea and […]
25
Jan
Jan
Good news. HMRC have just announced that they will not be issuing fines for late filing of 2019/20 self assessment income tax returns for until after 28th February 2021. Less good is that HMRC have also said that they still would like to get paid on time and will charge interest from 1 February 2021 […]
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