Is your VAT registration number taking a while to arrive?
Due to recent changes in the VAT registration process by HMRC, the issuing of VAT registration numbers has been subject to significant...
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- Oct 5
- 2 min
The Self-Assessment Registration Deadline: 5th October 2023
Have you recently become self-employed? If you earned untaxed income of over £1,000 during the 2022-23 financial year, you need to...
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- Sep 14
- 2 min
Deadline Extended for Voluntary NIC Payments
HMRC has given taxpayers an extra two years to plug any gaps in their NIC record from April 2006. The deadline for making voluntary...
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- Jun 8
- 3 min
Trivial Benefits
Benefits are exempt from tax and National Insurance contributions if the following conditions are met: The cost of providing the benefit...
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- Jun 6
- 1 min
Updated HMRC guidance - Advisory fuel rates
Find out about advisory fuel rates for company car users, when you can use them, and how they're calculated. Click this link for further...
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- Apr 5
- 2 min
Pension Allowances Increased
The Chancellor announced the relaxation of three different pension allowances to encourage older taxpayers to remain an active part of...
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- Mar 20
- 2 min
Free Childcare Places Increased from April 2024
The Chancellor announced the extension of free childcare places to children under three years old in England to match the 15 or 30 hours...
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- Feb 27
- 1 min
Do you know whether your NIC record is complete and correct?
Do you know whether your national insurance contributions (NIC) record is complete and correct? You can check the NIC record over your...
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- Feb 27
- 1 min
Dividend Tax
Dividends are taxed at much lower rates than other forms of income and they are not subject to national insurance contributions (NIC)....
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- Feb 2
- 1 min
Investment Incentives
Companies can currently claim super-deduction allowances set at 130% of the cost of new plant and machinery or 50% of the purchase costs...
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- Sep 13, 2022
- 1 min
Paying PAYE by Direct Debit
As an employer you can pay PAYE to HMRC using a direct debit (DD) but each DD authority only applies for a single payment, so the effort...
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- Sep 6, 2022
- 1 min
Car or Van Questions
When completing the annual expenses and benefits return (P11D) you need to know what company-provided vehicles each employee and director...
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- Aug 1, 2022
- 1 min
Tax Implications of Homes For Ukraine
Ukrainian refugees are being hosted by private individuals and organisations in spare rooms and properties across the UK. The Government...
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- Jun 21, 2022
- 1 min
Cost of Living Support
The Chancellor has announced a range of financial support measures to assist with energy costs. There is no direct support for...
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- Jun 8, 2022
- 1 min
Changing National insurance contributions (NIC) in July
The rates for national insurance contributions (NIC) increased by 1.25 percentage points for everyone on 6 April 2022. From 6 July the...
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- May 23, 2022
- 1 min
"You can't eat an elephant in one go"
Feeling overwhelmed? Altorian Accountants can help you sort your finances into bitesize manageable chunks. Let us help you decrease your...
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- Apr 20, 2022
- 1 min
Cryptoassets Are Taxable
In uncertain times people instinctively look for alternative ways to invest and some may choose cryptoassets such as Bitcoin and...
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- Mar 28, 2022
- 1 min
Advisory Fuel Rates
*Update 27/02/23 - HMRC have published company car advisory fuel rates for use from 1 March 2023. View the updated advisory fuel rates. *...
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- Mar 21, 2022
- 1 min
Making Tax Digital (MTD) for VAT is Compulsory
For VAT periods starting on and after 1 April 2022 all VAT records must be recorded digitally and returns must be submitted under the...
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- Jan 6, 2022
- 1 min
20/21 Self Assessment Filing Deadline Extended
HMRC have today (6 January 2022) confirmed they will be waiving late filing and late payment penalties for Self Assessment taxpayers for...
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