|
01/10/2023 |
October 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!
|
|
| Advisory Fuel Rates – MUST Be Effective 01 October 2023 |
| The Advisory Fuel Rates (AFRs) have had their quarterly review and HMRC published revised rates from 01 September 2023. With rising fuel prices again, it's not surprising there were changes - mainly for cars with a higher cc. The following rates are effec Read More... |
| |
|
| R&D Tax Relief – Additional Information Required | Register for Self-Assessment – The Deadline Approaches | | Research and Development (R&D) is a Corporation Tax relief that is a Government support to some UK companies working on innovative projects in science and technology. There are currently two R&D schemes:.. Read More... | The deadline for registering for Self-Assessment is 05 October 2023 (for 2022/23 tax year with tax returns due by 31 January 2024). Individuals must complete and send a tax return if, in 2022/23:.. Read More... |
| Statutory Paternity Leave and Pay Changes in 2024 | | These affect us personally and professionally and if you have policies and procedures regarding Statutory Paternity Leave (SPL) and Pay (SPP), be aware of changes coming from the start of the 2024/25 tax year. This information is provided to help you prep.. Read More... |
| October Questions and Answers | October Key Dates | | Newsletter issue – October 2023
1st
- HMRC’s Advisory Fuel Rates (published in September) must be implemented by employers by the date
5th
- The deadline for individuals, trusts and partnerships to notify HMRC of the need to register for Self-Assessment (2022/23 tax year)
15th
- If a US expatriate had a 2022 federal tax return extension agreed, 15 October 2023 is the deadline for filing. Note that 15 October 2023 is a Sunday and the due date is delayed until the next business day (the 16th)
19th
- Deadline for sending the Employer Payment Summary (EPS) for tax month ending 05 October 2023
- Deadline for paying HMRC all PAYE, NICs, Student Loans and CIS deductions (less child-related statutory payments) if paying by a non-electronic method
- Deadline for paying HMRC the tax and Class 1B National Insurance Contributions (on PAYE Settlement Agreements) if paying by a non-electronic method
22nd
- Deadline for paying HMRC all PAYE, NICs, Student Loans and CIS deductions (less child-related statutory payments) if paying electronically. 22 October 2023 is a Sunday and HMRC must have cleared funds on or before this date so ensure you submit by Friday the 20th
- Deadline for paying HMRC the tax and Class 1B National Insurance Contributions (on PAYE Settlement Agreements) if paying electronically. 22 October 2023 is a Sunday and HMRC must have cleared funds on or before this date so ensure you submit by Friday the 20th
31st
- The filing deadline for paper Self-Assessment tax returns (individuals, trusts and partnerships
|
| 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.
|
| |
|
Copyright © 2024 Lawrence & Co. All rights reserved.
Unit 205, Cervantes House
5-9 Headstone Road
Harrow
HA1 1PD
Lawrence & Co is a trading name of Lawrence & Co
|
|
