News
Mar 11, 2019 | Tax
Help – I’ve missed the tax self-assessment deadline!
Summary. HMRC delayed self-assessment penalty warnings this year, affecting 731,186 taxpayers who missed the deadline. The standard £100 late fee will rise by £10 a day starting May 1st. Brexit-induced delays caused the postponement of penalty notices, but HMRC assures fair treatment. Taxpayers should file promptly to avoid additional fines. The self-assessment deadline has […]
Mar 24, 2014 | Business Advice
Beneficial Loans – exempt threshold increase
From 6 April 2014, the exempt threshold relating to beneficial loans by employers to employees will be increased from the current £5,000 figure to £10,000!! What does this mean for Employers? Employers will therefore no longer be required to report loan details on form P11D where the outstanding balance is £10,000 or less throughout the […]
