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| Landlords - make sure you claim all the expenses you can. | Which VAT scheme to use? |
| Whatever the reason for becoming a landlord, expenses will be incurred relating to that property at some time or another. Unfortunately, just because a payment has been made does not necessarily mean it is allowable for tax. Even if the payment is allowab.. Read More... | Most businesses know that once the tax turnover for a business exceeds the VAT registration threshold (currently £85,000 a year), or it is expected to do so within the next 30 days, VAT registration is compulsory. Some businesses are not required to regis.. Read More... |
| Are you too late to claim a tax repayment? |
| Claims for repayment of tax are usually made via submission of a tax return, e.g. a self-assessment repayment claim is by completion of the section on page TR7. Whether as an individual or a company the time limit for amending a tax return is usually one .. Read More... |
| October Questions and Answers | October Key Tax Dates |
Newsletter issue – October 2022 1 -Corporation Tax payment 31 December 2021 year-end 5 -Deadline to notify HMRC of 2021/22 tax liability where returns are not currently submitted. A penalty can be avoided if the tax owed is paid no later than 31?January 2023. 7 - Electronic VAT return and payment due for the VAT quarter ended 30 August 2022. 19 - CIS return for payments made to subcontractors in the month to5 October 2022 22-PAYE, NIC, and CIS payment (electronic): month-end 5 October 2022 31-Corporation Tax returns submission: 31 October 2021 year ends All paper-based Self-Assessment 2021/22 Tax Returns must be received by HMRC. |
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