Taxpayers can now check for gaps in their national insurance record, make voluntary payments and receive confirmation their payment has been received via a new online service launched by the government last week.
Tag Archives: HMRC
The accountant’s failure to grasp fundamental principles of capital gains tax led to incorrect reporting
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 […]
Why Should I File My Self-Assessment Tax Return Early? You don’t have to wait until January to file your Self Assessment tax return – as soon as the tax year ends, you can submit your tax return at a time that suits you. Did you know that more than 77,500 customers submitted their 2022/23 tax […]
If you have missed the filing deadline for self assessment tax, call our team at Moorgate for help and advise.
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 […]
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 […]
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. […]
Payroll is the process by which a business pays it employees. It covers keeping records of payments, paying taxes to HMRC on behalf of the employees and distributing money. It makes sure payments to employees are accurate and ensures that the correct statutory deductions have been made from their salaries. Payroll is a key area […]
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