2024 - Page 41 of 44

01 Feb 24

File early to have self-assessment tax coded out

The coding out threshold may entitle you to have tax underpayments collected via your tax code when you are in employment or in receipt of a company pension. Instead of paying off

01 Feb 24

Joining or leaving the VAT Cash Accounting Scheme

The VAT Cash Accounting Scheme can offer useful benefits to small businesses. Under standard VAT accounting, VAT is payable on sales whether or not the customer has paid and can

01 Feb 24

Capital sums derived from assets

HMRC’s guidance is clear that where a capital sum is derived from an asset, the relevant legislation treats the owner as having made a disposal for capital gains purposes. The

01 Feb 24

Do you need to tell HMRC about additional income?

There is an online tool that allows taxpayers to check if they need to notify HMRC about additional income. The online tool can be found at

29 Jan 24

Changes at Companies House

Companies House have issued an update on their first implementation of changes brought about by The Economic Crime and Corporate Transparency Act. We have copied in the relevant

29 Jan 24

Does your business have a March year end date?

Leaving aside tax planning issues all businesses should be considering business planning opportunities if they presently have an accounting year end date of 31 March 2024. For

25 Jan 24

Correcting payroll mistakes

Employers generally use payroll software or other payroll services to record employees pay, deductions and National Insurance contributions on or before each payday. They also need

25 Jan 24

Reporting company car changes

There is a requirement to notify HMRC if you make any company cars available for private use by company directors or employees. The definition of ‘Private use’ includes employees’

25 Jan 24

Do you need to register for self-assessment?

There are a number of reasons why you might need to complete a self-assessment tax return. This includes if you are self-employed, a company director, have an annual income over

25 Jan 24

Assets made available to an employee

Assets such as computers, televisions and bicycles that are made available to employees can create certain tax, National Insurance and reporting obligations. There is no

Year: 2024

File early to have self-assessment tax coded out

Joining or leaving the VAT Cash Accounting Scheme

Capital sums derived from assets

Do you need to tell HMRC about additional income?

Changes at Companies House

Does your business have a March year end date?

Correcting payroll mistakes

Reporting company car changes

Do you need to register for self-assessment?

Assets made available to an employee

Claiming for uniforms, work clothing and tools

Accounting on a cash basis

Using the VAT Cash Accounting Scheme

SJPR