Xero has two versions of reports – and old version and a new version. They are retiring the old version of their reports at 7pm BST on 30 July 2023. At which point, it will be time to switch to their exciting new reports and you will no longer have access to old reports. If…
The CTD scheme allowed individuals, companies, personal representatives, and trustees to deposit funds with HMRC, which could later be used to pay certain tax liabilities. The scheme for new purchases closed on 23 November 2017. Existing certificates will be honoured until 23 November 2023. Any remaining certificates after this date should be promptly submitted…
As of 31st May 2023 certain VAT-registered businesses are now able to arrange VAT payment plans directly with HMRC via their online account. HMRC – Set Up A VAT Payment Plan Businesses will be eligible to set up the payment plan online if: the latest VAT return has been filed; the total amount…
P11D & P11D(b) For employers who provide expenses and benefits to their employees, there is now under a month to go to ensure your P11D and P11D(b) submissions have been made with HMRC (6th July 2023). Payments of Class 1 A National Insurance must be made by 19th July 2023 (22nd July 2023 if…
Who spotted Rebecca and Luke on the Whitings LLP stand at St Peters School Careers Fair today? 🤔 If you’re keen to train as a qualified accountant and become part of the Whitings Team, contact your local office to register your interest. We’d love to hear from you 👍 Click the link below to find…
The deadline for paying your second payment on account towards the 2022/23 tax year is 31 July 2023. Paying your tax bill You can make weekly or monthly payments towards your bill, if you prefer. Pay your Self Assessment tax bill: Pay weekly or monthly – GOV.UK (www.gov.uk) You can get help if you cannot…
The deadline for filling gaps on your State Pension record via voluntary Class 3 National Insurance, back to 2006/07, was originally 5 April 2023. This was extended in March to 31 July 2023, and has today been extended AGAIN to 5 April 2025. So we now have over another 21 months to consider necessary actions.…
Although it has been with us since 1999, IR35 tax rules will probably be unfamiliar to most readers. These anti avoidance rules were introduced to stop workers reducing their taxes by structuring their affairs to get paid via their own personal service company. Where ‘caught’ by IR35, such arrangements would then collect the same amount…