| Mini Budget Summary |
| On 23 September 2022 in what has been termed a 'mini budget/fiscal event' the new Chancellor, Kwasi Kwarteng, delivered a package of more than 30 measures intended to tackle high energy bills, drive down inflation and cut taxes to drive growth. Read More... |
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| Landlords - make sure you claim all the expenses you can. |
| Whatever the reason for becoming a landlord, expenses will be incurred relating to that property at some time or another. Unfortunately, just because a payment has been made does not necessarily mean it is allowable for tax. Even if the payment is allowab Read More... |
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| Which VAT scheme to use? |
| Most businesses know that once the tax turnover for a business exceeds the VAT registration threshold (currently £85,000 a year), or it is expected to do so within the next 30 days, VAT registration is compulsory. Some businesses are not required to regis Read More... |
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| Are you too late to claim a tax repayment? |
| Claims for repayment of tax are usually made via submission of a tax return, e.g. a self-assessment repayment claim is by completion of the section on page TR7. Whether as an individual or a company the time limit for amending a tax return is usually one Read More... |
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| October Questions and Answers |
| Q. My company does not have a credit card and therefore I use my own personal credit card to pay for some expenses - particularly any purchases made online as a credit card gives an extra layer of protection. I also use the card for some personal expenses Read More... |
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| October Key Tax Dates |
| 1 -Corporation Tax payment 31 December 2021 year-end
5 -Deadline to notify HMRC of 2021/22 tax liability where returns are not currently submitted.
A penalty can be avoided if the tax owed is paid no later than 31?January 2023.
7 - Electronic VAT Read More... |
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Salisbury House
London Wall
London
EC2M 5SQ
Pawley & Malyon is a trading name of Pawley & Malyon
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