Anna’s Accountancy Alerts

Tax reliefs available. A new page on HMRC’s website, titled Check what financial help you can get from HMRC has been published.

For directors and the self-employed special rules mean the NI threshold is applied for the year as a whole rather than for each pay period as it is for employees.

With fuel prices increasing, you may be thinking of paying a higher rate than the HMRC rate but will it trigger extra Tax and NI?

HMRC has increased the current late payment interest rate applied to the main taxes and duties to 3% from 2.75% with effect from 21 February 2022. This is the second rate rise due to consecutive rises in the Bank of England base rate.

iSpeech.org HMRC has raised interest rates HMRC has increased the current late payment interest rate applied to the main taxes and duties to 3% from

https://www.ispeech.org VAT penalty rules This was due to take effect on 1 April 2022 but these changes will now be introduced on 1 January 2023. 

https://www.ispeech.org Scam HMRC phone calls Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, according to the latest figures

iSpeech Covid-19 support grants Remember to declare any coronavirus (COVID-19) support grants or payments on your company tax returns as they are taxable. Grants to

TTS National Insurance – incorrect NI codes When you use code M for NI it reduces your Class 1 NI secondary liability to nil. But

iSpeech.org Reporting benefits and expenses in real-time If you sign up for payrolling now, your employees can pay the tax due on their benefits and