Something worth considering before the end of the tax year on 5 April 2018! Directors are able to pay themselves from their limited company in the form of salary or dividends. However, the most tax efficient way typically requires you to use a combination of both. Salary In the current tax year the first £11,500 […]
‘My wife was seeing aliens and wouldn’t let me in the house’ has been reported by HM Revenue & Customs (HMRC) as being one of the worst tax return excuses in the last year! The list, released in advance of the 31 January deadline included: ‘I’ve been far too busy touring the country with my […]
In April of last year HMRC started rolling our Tax-Free childcare, which helps working parents with the cost of childcare up to £2,000 per child per year, or £4,000 for disabled children. Yesterday, Tax-Free Childcare opened to parents whose youngest child is under 9, or who turned 9 yesterday. The scheme will open to all […]
HMRC has announced that taxpayers will no longer be able to pay their tax bills by personal credit card. Effective from 13 January the ban leaves those completing their annual tax returns just eighteen days to find the funds to pay their tax for 2016-17. There are a range of options for paying HMRC depending on […]
