Tax Diary January/February 2018
1 January 2018 – Due date for corporation tax due for the year ended 31 March 2017. 19 January 2018 – PAYE and NIC deductions due for month ended 5 January 2018. (If you pay your tax electronically the due date is 22 January 2018) 19 January 2018 – Filing deadline for the CIS300 monthly […]
CGT opportunities
This is also an appropriate time of the year to consider your capital gains tax position if you have already disposed (or are considering a disposal) of an asset subject to CGT before 6 April 2018. Most of our readers will be aware that they can make chargeable gains of up to £11,300 in the […]
Does you employer still pay for your private fuel
As we are approaching the end of yet another tax year, it is worth repeating our suggestion that highlights the cash benefit to company car drivers and their employers, of reimbursing the cost of fuel provided for private motoring. The rates have been updated for 2017-18. Since the tax on private fuel provided with company […]
Sole trader or incorporated
From April 2018, the £5,000 tax-free dividend allowance is reducing from £5,000 to £2,000. Does this mean that converting from self-employed to a limited company arrangement to save tax and NIC is no longer a viable option? Readers who have adopted this strategy will have likely seen a reduction in taxes due thus far, but […]
Happy New Year
Let us hope that 2018 presents opportunities to build our business interests and improve the financial position of our families. Certainly, there were many changes last year, not least the ongoing implications of the Brexit vote, that have proved to be challenging and not only for the politicians. A reminder, as we look forward to […]
