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| 01/05/2022 | |||||
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| PAYE Tax Coding - is your Code right? | 'Higher earner'- should you claim child benefit? |
| Many employed taxpayers receive their wage slips at the end of every week/month and assume that the figures are correct - that the Code being used is correct. As a result, taxpayers may not realize that the amount of tax deducted by the end of the tax yea.. Read More... | The 'High Income Child Benefit Charge' applies to an individual with income over £50,000 where either they or their partner received child benefit in the tax year or someone else received the benefit for a child living with them and they contributed at le.. Read More... |
| Let property - Claiming the full amount of mortgage interest tax relief |
| Personal landlords with mortgages or loans on residential lets will be aware of the restriction on the amount of tax credit relief that can be claimed on interest paid. Usually, this amount is 20% of the interest paid in any one year. However, there are c.. Read More... |
| May Questions and Answers | May Key tax dates |
Newsletter issue - May 2022 1 - Submission of Annual accounts to Companies House and payment of Corporation Tax for accounting periods ending 31 July 2021 1 - VAT fuel scale charge: new rates apply from the next VAT period beginning on or after 1 May 2022 6 - Electronic VAT return submission and payment due for the quarter ended 31 March 2022 19/22 - PAYE/NIC, student loan, and CIS deductions due for the month to 5 May 2022 31 - Submission of Corporation Tax returns: 31 May 2021 year-end 31 - VAT annual accounting: 31 March stagger VAT return and balancing payment 31 - P60: issue to employees |
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