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 […]
Category Archives: Tax advice
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 […]