October 2024 - Page 2 of 5

24 Oct 24

Changing a company’s year end date

There are specific rules that restrict changing a company’s year-end date, also known as the "accounting reference date". Initially, this is based on the date of

24 Oct 24

Due date for paper self-assessment tax return

A final reminder that the 2023-24 tax return deadline for taxpayers who continue to submit paper self-assessment returns is 31 October 2024. Late submission of a self-assessment

24 Oct 24

Changing your tax return

If you have submitted a self-assessment return and later realise you need to make changes, there are specific rules to follow. This situation might arise if, for instance, you

24 Oct 24

VAT recovery from car leasing payments

The VAT treatment of motor expenses is an important concern for any business that incurs VAT on these costs. Below, we highlight key points to consider regarding the recovery of

24 Oct 24

Take goods with you to sell abroad

There are specific customs requirements for commercial goods that you take with you to sell abroad. You must declare any goods intended for sale outside the UK, whether they are in

24 Oct 24

HMRC shares 5 common reasons for helpline calls

There are a little over three months remaining to file your self-assessment tax return online for 2023-24. The deadline is 31 January 2025. As this date approaches, an increasing

21 Oct 24

Recent speculation on forthcoming Budget

There is unlikely to be much to celebrate when Rachel Reeves delivers her first Budget on the 30th of October. Speculation is rife regarding the likely targets for tax increases.

21 Oct 24

Managing business cashflow

Cash Flow Forecasting Creating a cash flow forecast helps you predict your inflows and outflows, allowing you to anticipate any cash shortages. Update it regularly, be

17 Oct 24

Deferring Class 1 NIC contributions

Employees with more than one job may be eligible to defer or delay paying Class 1 National Insurance in certain situations. This deferment can be considered if any of the following

17 Oct 24

Class 4 National Insurance payments

Self-employed individuals are usually required to pay Class 4 National Insurance contributions (NICs) if their annual profits exceed £12,570. For the 2024-25 tax year, Class 4 NIC

Month: October 2024

Changing a company’s year end date

Due date for paper self-assessment tax return

Changing your tax return

VAT recovery from car leasing payments

Take goods with you to sell abroad

HMRC shares 5 common reasons for helpline calls

Recent speculation on forthcoming Budget

Managing business cashflow

Deferring Class 1 NIC contributions

Class 4 National Insurance payments

Definition of R&D for tax purposes

Tax treatment of income after cessation

Tax refunds for dissolved companies

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