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Handy Guide – Tax Filing Deadlines

Source – croner-i In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from deadline for applying for a PAYE Settlement Agreement (PSA) to VAT returns and payments due for quarter ended 31 May 2021 1 July Corporation tax due for accounting periods ended 30 September 2020 (where not

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Reporting Pay as you earn (PAYE) in real time

PAYE Real Time Information (RTI) penalties – continuation of the risk-based approach to charging penalties Following HMRC’s review of the effectiveness of the risk-based approach to late filing PAYE and late payment penalties, we can confirm this approach will continue for the 2021 to 2022 tax year. This means that late filing and late payment

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SEISS 5 – are clients ready for the ‘turnover test’?

Source:  aat By Annie Makoff  Coronavirus 14 Jun 2021 The Government’s fifth Self-Employment Income Support (SEISS) grant will be open for applicants from late July to cover the period between May and September 2021. As with previous SEISS grants, claims will be limited to self-employed people or members of a partnership. They also need to have

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We can safeguard you against the taxman

At Tax Return Online Services Ltd we understand that tax is a little word with big implications. That’s why we work hard to give you the best possible advice and strategies to make tax altogether less taxing. A tax investigation could cost you money even if you’ve done nothing wrong. HMRC are using sophisticated software

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Updated from HMRC – Making VAT Digital

HMRC wanted to inform you about a number of updates they have introduced to the VAT Notice 700/22 available at https://www.gov.uk/government/publications/vat-notice-70022-making-tax-digital-for-vat/vat-notice-70022-making-tax-digital-for-vat

The online service for applications for the self-employment income support scheme (SEISS) is now open for online claims – HMRC has confirmed

All applications must be submitted by the individual self-employed worker and cannot be handled by accountants or tax advisers. It is expected that up to 600,000 self-employed individuals will be able to apply for the support scheme. This is now the fourth tranche of grants for the self-employed and claims must be submitted by 1

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Seize the moment for SEISS 4

Source Accounting Web ​Liz Whiteley summarises the key conditions surrounding the latest phase of the self-employed income support scheme. Almost five months after the last round of the Self-Employment Income Support Scheme (SEISS), HMRC is now sending emails, letters or messages within its online service advising those whose tax returns show they may be entitled to

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VAT deferral new payment scheme

The VAT deferral new payment scheme is open for all businesses that: deferred VAT due between 20 March 2020 and 30 June 2020 still have payments to make were unable to pay in full by 31 March 2021 This includes those on Payment on Account and Annual Accounting schemes. Your clients can apply now to spread these

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Changes to off-payroll working (IR35) rules

The off-payroll working rules changed on 6 April. If your clients are not prepared, you can still find support to help get them prepared. You’ll need to help your clients to comply with the rules if they: run a medium or large-sized non-public sector organisation that engages contractors who work through their own limited company or

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Furlough Claims

You can claim before, during or after you process your payroll as long as your claim is submitted by the relevant claim deadline. You cannot submit your claim more than 14 days before your claim period end date. When making your claim, you: do not have to wait until the end date of the claim

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Latest updates to Companies House services

We’ve rounded up all the latest updates as we continue to maintain services for our customers and protect the welfare of our employees in response to coronavirus (COVID-19).  Become a better director There’s still time to register for our bite-sized webinars. Join us as we collaborate with the Intellectual Property Office and the Business Support

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Minimum Pay Rates Increase

Source – Accountancy Daily Millions of workers in all parts of the UK will receive a pay increase = as minimum pay rates rise, with the age threshold reduced to 23 year olds Around two million of the UK’s lowest-paid workers will benefit from an increase in National Living Wage and National Minimum Wage. The

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Deferred VAT Payments – message from HMRC

If your client deferred VAT payments due between 20 March and 30 June 2020 and still has payments to make, they can now join the online VAT deferral new payment scheme. The new scheme lets your client pay their deferred VAT in equal instalments, interest free. Your client can spread their payments across 2 to

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Opeyemi Ogundeji, researcher and employment law writer at Croner-i, details seven crucial employment law changes coming this April.

As April 2021 approaches, employers are reminded of some of the statutory changes that are upcoming, along with some crucial details that should be kept in mind — especially when it comes to the minimum wage, contracting, and the furlough scheme. National wage rates The Chancellor, Rishi Sunak, announced on 25 November 2020 that the

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Refund Policy

For online payments taken via the Invoice Payment page, no refunds can be given as payment is only taken after my service has been provided.