Form CT61 – what is it and when it is required?
Date posted: 23rd Jul 2024
HMRC form CT61 is a form required to be completed by a company if the company pays interest, royalties and other similar payments to an individual. Unlike banks…
Date posted: 23rd Jul 2024
HMRC form CT61 is a form required to be completed by a company if the company pays interest, royalties and other similar payments to an individual. Unlike banks…
Date posted: 23rd Jul 2024
Recent media coverage has suggested that around 500,000 individuals are caught in the 60% tax trap. Essentially, this means that an individual is paying 60% tax on every…
Date posted: 23rd Jul 2024
We are aware that HMRC is sending more letters to taxpayers to “nudge” them to check their tax returns are in order and to encourage the taxpayer to…
Date posted: 23rd Jul 2024
Since April 2016, there has been an exemption to cover tax becoming due on trivial benefits. This was intended to avoid tax becoming due on ad-hoc gifts such…
Date posted: 23rd Jul 2024
Many potential landlords that we speak to, are considering using a limited company to hold property investments. This is due to a multitude of reasons such as: The…
Date posted: 23rd Jul 2024
The deadline for filing your 2022/23 self assessment tax return was 31 January 2024. If you have still not filed the tax return, there will be significant late…
Date posted: 23rd Jul 2024
If you make donations to charity, you can benefit from tax relief on those donations. This can be achieved in various ways. Gift Aid If you are a…
Date posted: 12th Jun 2024
In simple terms, a PAYE settlement agreement (or PSA for short) is a way of an employer settling tax bills for employees, on amounts which may be deemed…
Date posted: 12th Jun 2024
Employment taxes can be a minefield when it comes to not only salary payments but benefits-in-kind. It is very important to understand the implications of employment taxes and…
Date posted: 12th Jun 2024
Given the recent rises in interest rates, everyone with savings is enjoying a higher return of interest paid by their banks. It is important to remember that tax…
