Jun 211 minCost of Living SupportThe Chancellor has announced a range of financial support measures to assist with energy costs. There is no direct support for...
Jun 81 minChanging National insurance contributions (NIC) in JulyThe rates for national insurance contributions (NIC) increased by 1.25 percentage points for everyone on 6 April 2022. From 6 July the...
May 231 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...
Apr 201 minCryptoassets Are TaxableIn uncertain times people instinctively look for alternative ways to invest and some may choose cryptoassets such as Bitcoin and...
Mar 281 minAdvisory Fuel RatesThe price of road fuel has increased significantly in the last few months and HMRC has responded by raising all the advisory fuel mileage...
Mar 211 minMaking Tax Digital (MTD) for VAT is CompulsoryFor VAT periods starting on and after 1 April 2022 all VAT records must be recorded digitally and returns must be submitted under the...
Jan 61 min20/21 Self Assessment Filing Deadline ExtendedHMRC have today (6 January 2022) confirmed they will be waiving late filing and late payment penalties for Self Assessment taxpayers for...
Dec 20, 20211 minUSE YOUR BASIC RATE BANDPersonal tax rates have been held steady for a few years, so it made no dif ference whether you extracted funds from your company in one...
Apr 28, 20213 minCLAIMING BACK VAT ON MILEAGEYou probably know that when an employee uses their own vehicle for work, they can claim back the mileage from their employer or get a tax...
Apr 8, 20212 minCOVID VAT PAYMENT DEFERRALS - NOW DUE FOR PAYMENTA year ago, at the start of the Covid-19 pandemic, the Government automatically deferred all VAT due to be paid to HMRC between 20 March...
Mar 8, 20212 minTWO NEW SEISS GRANTSAs a self- employed individual you may have been able to claim up to three grants under the self- employed income support scheme (SEISS)...
Oct 22, 20201 minCompany electric cars and now, electric vans tooElectric company cars currently have a 0% benefit in kind charge for this current tax year (2020-21) making electric cars an attractive...
Sep 10, 20201 minSECOND SEISS GRANT - DON'T MISS THE 19 OCTOBER DEADLINEApplications for the second self- employed income support scheme (SEISS) grant opened on 17 August. If you are self-employed and your...
Sep 2, 20201 minJOB RETENTION BONUSTo encourage employers to keep as many employees on the payroll as possible into 2021 the Government has promised to pay a job retention...
Jun 23, 20203 minClaiming Back VAT on MileageYou probably know that when an employee uses their own vehicle for work, they can claim back the mileage from their employer or get a tax...
Jun 3, 20202 minWorking At Home ExpensesMany workplaces are currently closed and employees are working at home where possible to prevent the spread of COVID-19. This comes with...
Jun 2, 20201 minMinimum wage increases - April 2020The Minimum Wage (the same of the National Living Wage) is increasing again in April to: Year 25 and over - £8.72 (previously £8.21) 21...