Penalties for late returns and late payment of tax

The tax system is replete with fines and penalties for those that do not file or pay on time. Make sure you don't get caught out.

NIC holiday passed into law

A scheme designed to help new businesses by cutting their national insurance contributions has become law.

Choosing your accounting date

You are free to select your choice of accounting date. Under the current year basis, the taxable profit for a particular tax year is determined by the accounts that end in that year.

Firms to get letters on NIC holiday tax returns

HM Revenue and Customs (HMRC) has said that employers who have successfully applied to join the Government’s NIC holiday scheme should be getting a paper national insurance return in the post during March.

Syndicate content