13th July 2023

Tax Diary August/September 2023

1 August 2023 - Due date for corporation tax due for the year ended 31 October 2022. 19 August 2023 - PAYE and NIC deductions due for month ended 5 August 2023. (If you pay your tax electronically the due date is 22...

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Alcohol duty changes
13th July 2023

Alcohol duty changes

Changes in the way alcohol is taxed will come into effect from 1 August 2023. The new system of calculating alcohol duty for all alcoholic drinks will be made using standardised...

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Tax on property you inherit
13th July 2023

Tax on property you inherit

If you inherit property, you are usually not liable to pay tax on the inheritance you receive. This is because any Inheritance Tax (IHT) due should be paid out of the deceased’s...

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Getting a SA302 tax calculation
13th July 2023

Getting a SA302 tax calculation

The SA302 tax calculation and tax year overview documents are commonly used as evidence of income for loan or mortgage purposes for the self-employed. The forms have become more...

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Pension Credits
13th July 2023

Pension Credits

Pension Credits can provide extra income to those over State Pension age and on a low income. The credits were first introduced in 2003 to help keep retired people out of poverty....

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Cannot pay your tax on time?
13th July 2023

Cannot pay your tax on time?

The second payment on account for Self-Assessment taxpayers for the 2022-23 tax year is due on 31 July 2023. Taxpayers are usually required to pay their Income Tax liabilities in...

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Updating your tax return
13th July 2023

Updating your tax return

There are special rules to follow if you have submitted a Self-Assessment return and subsequently realise you need to change it. For example, this can happen if you made a mistake...

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Ideas for increasing your cash flow
11th July 2023

Ideas for increasing your cash flow

Business owners are not exempt from the effects of inflation, but unlike waged individuals, they may have more options to increase cash flow. Here’s a few ideas you may like to...

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