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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...
Jun 8, 20221 min read
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"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...
May 23, 20221 min read
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Cryptoassets Are Taxable
In uncertain times people instinctively look for alternative ways to invest and some may choose cryptoassets such as Bitcoin and...
Apr 20, 20221 min read
19 views
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. *...
Mar 28, 20221 min read
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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...
Mar 21, 20221 min read
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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...
Jan 6, 20221 min read
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USE YOUR BASIC RATE BAND
Personal 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...
Dec 20, 20211 min read
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CLAIMING BACK VAT ON MILEAGE
You 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 28, 20213 min read
84 views


COVID VAT PAYMENT DEFERRALS - NOW DUE FOR PAYMENT
A 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...
Apr 8, 20212 min read
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TWO NEW SEISS GRANTS
As a self- employed individual you may have been able to claim up to three grants under the self- employed income support scheme (SEISS)...
Mar 8, 20212 min read
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Company electric cars and now, electric vans too
Electric company cars currently have a 0% benefit in kind charge for this current tax year (2020-21) making electric cars an attractive...
Oct 22, 20201 min read
17 views


SECOND SEISS GRANT - DON'T MISS THE 19 OCTOBER DEADLINE
Applications for the second self- employed income support scheme (SEISS) grant opened on 17 August. If you are self-employed and your...
Sep 10, 20201 min read
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JOB RETENTION BONUS
To encourage employers to keep as many employees on the payroll as possible into 2021 the Government has promised to pay a job retention...
Sep 2, 20201 min read
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Claiming Back VAT on Mileage
You 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 23, 20203 min read
50 views


Working At Home Expenses
Many workplaces are currently closed and employees are working at home where possible to prevent the spread of COVID-19. This comes with...
Jun 3, 20202 min read
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Minimum wage increases - April 2020
The 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...
Jun 2, 20201 min read
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