Brexit (oh no!)

Brexit_GetReady - Elite Accounts Ilford

Do you feel there is still lot to understand for Business Owners?  Oh yes, there is.   HMRC are holding 30 free face-to-face Brexit Business Readiness Events right across the UK between Monday 16 September and Friday 18 October for businesses to find out what actions they need to take to prepare for Brexit. The […]

Understanding the UK Corporation Tax basics

Understanding UK Corporation Tax

Corporation Tax Want to know the basics of Corporation Tax in he UK? You must pay Corporation Tax on profits from doing business as: a limited company any foreign company with a UK branch or office a club, co-operative or other unincorporated association, eg a community group or sports club You don’t get a bill […]

What is Self Assessment?

Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return. You must send a tax return if, in the last tax year (6 April to 5 April), […]

MTD – Are you ready?

HMRC are on their way to digitise their records and it would help if the future systems would allow all data to be submitted digitally too. To this effect, they have enforced the VAT submissions commencing 1st April 2019 to be submitted by online systems rather than paper format. This is the ‘Making Tax Digital […]

HMRC Advice for National Insurance Number Tracing

HMRC advice for Agents and Employers – Withdrawal of National Insurance Number Tracing Service! HM Revenue & Customs (HMRC) will withdraw the CA6855 clerical tracing service on 31 March 2014, following the introduction of reporting PAYE in real time and the National Insurance number verification request service (NVR). If you are not yet reporting PAYE […]