Want to Pay Your Tax Bill Early?
For those of you who are self-employed, a sole trader or in a partnership, you can buy a tax certificate to pay tax early. You get interest on the advance payment, though at a lower rate than the usual personal savings rates.
For further information please click here.
If you are a limited company and want to pay your Corporation Tax bill before it is due (9 months and 1 day after your year end) then you could receive an interest rate of 4.75% on all company tax paid before the due date. If you estimate your tax bill and over estimate so that you pay too much, you will also receive interest on any overpayment at 4% from the due date to the date you receive the refund.
Affordable Accounting Software and Accountancy in one!
If you’ve ever had an accountant, then you’ll know that they’ll ask you to pick your tech bundle – data collection software, bookkeeping software and then an accountant on top. Up until now, that’s been pretty affordable for most small businesses (even if they have had to do all the…
HMRC’s Self Assessment Helpline Temporarily Closed
In another telephone line announcement from HMRC, they’ve stated that from 12th June 2023 the Self Assessment Helpline will temporarily close for three months. It is current due to be reinstated on 4th September 2023. Whilst the online service portal is open as usual, we, along with a great many…
Self Assessment Threshold Changes for PAYE Earners
In an update from HMRC, they have announced a change in the threshold for PAYE taxpayers to submit a self assessment. From the financial year 23-24, the Self Assessment threshold will rise from £100,000 to £150,000. So what does this really mean? If you were earning above £100,000 pa via…