Could your Self-Assessment Tax be reduced? For those clients that prepare self-assessment personal tax returns, 31 January is usually tax payment day. This tax will primarily be based on your personal income for the tax year ended 5 April 2023, potentially made up of 2 components: The balancing payment for 2022/23 (total 2022/23…
Nominations for the Fenland Business Awards 2024 are open! Whitings LLP are delighted to be the headline sponsor of the Fenland Business Awards for the second consecutive year. Whitings have served businesses and individuals in the Fenland region since 1928 and as such have been keen to continue to support this event to…
The forthcoming Self Assessment payment date of 31st January 2024 is looming. HMRC last increased the late payment and repayment interest rates on 22nd August 2023 and this applies to the main taxes and duties that HMRC currently charges and pays interest as follows: Late payment interest rate — 7.75% Repayment interest rate — 4.25%…
The Chancellor, Jeremy Hunt, has announced that the Spring Budget will take place on Wednesday 6 March 2024. This will be the Chancellor’s second budget and will include the government’s tax and spending plans as well as new growth and borrowing forecasts. The Spring Budget could be followed by a general election in as…
With the 6th March Budget just around the corner, many SME business owners are beginning to wonder what’s in Mr Hunt’s red ministerial box, which got us thinking, ‘what might the SME wish-list look like in the ideal world?’ There are 2 reasons to be a little more optimistic than usual this time around:…
‘How to pay your Self Assessment Tax’ will be a question that many people are asking with the payment deadline of 31st January 2024 just around the corner. It is important to ensure your payment is made by the 31st January to avoid any late payment interest which HMRC charge daily. For…
We’re all feeling festive here at Whitings LLP, so what better time to share our Christmas & New Year opening times than now? Bury St. Edmunds Closed from 5.30pm on Friday 22nd December 2023 Re-opens at 9am on Tuesday 2nd January 2024. Mildenhall Closed from 5.30pm on Friday 22nd December 2023 Re-opens at…