Tax gap running at 5%
HMRC published a report last month that acknowledges it was only able to recover 95% of the taxes assessed for 2020-21. In monetary terms, the tax gap for the 2020-21 tax year is £32 billion. At 5.1%, there has been no change in the percentage tax gap compared to the previous year, although the monetary […]
Tax Diary July/August 2022
1 July 2022 – Due date for corporation tax due for the year ended 30 September 2021. 6 July 2022 – Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs. 19 July 2022 – Pay Class 1A NICs (by the 22 July 2022 if paid electronically). 19 […]
