What if I miss the tax return deadline?

Should you fail to meet the deadline to submit your self-assessment tax return there are penalties which HMRC will charge automatically. The first deadline is the 31st October for paper returns, but if you miss that deadline you are not fined as long as you submit the electronic version before the 31st January, but if you miss this deadline, and fail to pay any tax due by the same date then the … [Read more...]

Tax changes for the non-domiciled

If you’re a ‘non-dom’ then the way you pay tax may be about to change. Announced in the Summer Budget 2015 this series of tax changes affecting people not domiciled in the UK seeks to address some of the perceived unfairness currently embedded in the UK tax system. The Government argues that it is only fair that people residing in the UK for a very long time should pay their fair share of tax … [Read more...]

What are the tax implications of staff rewards?

Good work should not go unnoticed, correct? We think so too.  As a business owner, manager or director, a natural part of your role is to motivate and reward staff when targets are hit, milestones achieved or just as a general thank you for contributing to the bottom line. Types of staff rewards There are many different types of staff rewards, such as:- A physical gift such as a case of wine … [Read more...]