Q: I own a second home worth £400,000, which I bought for £250,000 and I have shares valued at £50,000, which I purchased for £40,000. How will the recent Capital Gains Tax changes in the Budget impact what I owe if I sell these assets now compared to if I had done so before the changes were made?Answer
Q: I’m an investment manager and part of my compensation comes from carried interest. I’ve heard about changes announced in the Autumn Budget 2024. What do these changes mean for me, and how will they affect my tax position? Answer
Q: Me and my wife started a small enterprise earlier this year and by the nature of what we sell, our business is very much seasonal; Christmas is going to be our busiest time. So, we’ve been recruiting new employees on temporary contracts. But we were surprised when one of our first starters said we should be paying into a pension scheme for her, even on this short term basis. Is this right? Answer | Newsletter issue – December 2024
19th
- For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC.
22nd
- Deadline for employers operating PAYE to pay HMRC. This is also the quarterly deadline for businesses that pay per quarter.
30th
- Deadline for submitting online Self-Assessment Tax Returns for people who pay their self-employment earnings tax bill through their PAYE tax code. Only those who owe less than £3,000 in tax from Self-Employment are eligible for this.
31st
- Deadline for filing the Company Tax Return (CT600) for companies with an accounting period ending 31 December 2023.
- The Annual Accounts filing deadline for companies with a year-end of 31 March 2024 to file their accounts with Companies House.
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