| Tax changes expected as pressure grows on public finances |
| A Government surplus would normally be seen as good news. But despite reaching £15.4bn in January - a record high for the month - it's actually caused further headaches for the Chancellor, adding pressure to break her pledges on tax. The Government had be Read More... |
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| Taxman collects more than £400m in interest charges | Businesses reminded over final payment submissions | | The amount the tax man collects from interest charges has grabbed some media attention in recent weeks, as new data was published... Read More... | HMRC is reminding business they need to be thinking about final preparations for their last Full Payment Submission (FPS) or Employer Payment Summary (EPS) of the year... Read More... |
| A million taxpayers miss filing deadline | March Questions and Answers | | About 1.1 million taxpayers missed the deadline to file their self-assessment tax returns and pay tax that was owed, HMRC has estimated... Read More... | Q: I run a relatively new business. Our employer National Insurance contributions are quite modest at this point, standing at £13,900 annually so far since we set up. I'm aware that various changes are set to come in soon but could you please summarise wh.. Read More... |
| March Key Dates | Several tax-related changes to take effect | Newsletter issue – March 2025
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.
26th
- Chancellor to deliver Spring Forecast to Parliament; tax changes may be announced.
31st
- for many companies, it's the financial year-end, aligning with the financial year for Corporation Tax purposes, which runs from 1 April to 31 March.
| A number of tax changes are set to take effect in April, with National Insurance contributions for employers and a facet of Capital Gains Tax among them.Read More... |
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All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website https://lawacc.co.uk/ for more information.
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