Tax Tips & News

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01/05/2018

May Tax Tips & News

Welcome to the Lawrence & Co Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Use Gift Aid to save tax

HMRC have recently highlighted that charities are collectively missing out on some £600m extra funding because a third of donations made do not add Gift Aid when they could have done so. Broadly, Gift Aid allows charities and community amateur Read More...

Diesel car supplement increase takes effect	HMRC update guidance on MSCs
The rules for taxing petrol company cars apply equally to diesel cars, but the latter are then subject to further adjustment. The taxable benefit arising on a car is, broadly, calculated using the car's full manufacturer's published UK list price, .. Read More...	HMRC have updated their guidance, following the recent decision in Christianuyi Ltd v R & C Commrs [2018] UKUT 10 (TCC), in which the Upper Tribunal ruled.. Read More...

When are tips taxable?

The Summer season usually sees a rise in the number of casual staff taken on by restaurants and cafes. Whilst the tax and NIC implications of wages is generally straight-forward, confusion often arises regarding tips and gratuities as the necessary tax..
Read More...

May questions and answers

May key tax dates

Newsletter issue - May 2018.

2 - Last day for car change notifications in the quarter to 5 April - Use P46 Car

19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/5/2018

31 - Deadline for copies of P60 to be issued to employees for 2017/18

About Us

Lawrence & Co Accountants are based in Harrow, offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website www.lawacc.co.uk for more information.

Unit 205, Cervantes House 5-9 Headstone Road Harrow HA1 1PD

Lawrence & Co is a trading name of Lawrence & Co