How to Pay Your UK Self Assessment Tax Bill
A Step-by-Step Guide to Deadlines, Penalties, Interest and Payment Options If you complete a UK Self Assessment tax return, you are responsible for paying any tax owed to HM Revenue & Customs (HMRC) by the required deadlines. Paying late or using the wrong payment reference can result in penalties, interest charges, and unnecessary correspondence from […]
How to Make Your UK Corporation Tax Payment (A Simple Step-by-Step Guide)
Published by March AccountantsHelping businesses stay compliant with HMRC, every step of the way. Introduction Paying your Corporation Tax correctly and on time is one of the most important compliance responsibilities for limited companies in the UK. Whether you file your own CT600 or your accountant does it for you, the payment itself must reach […]
The Enterprise Investment Scheme (EIS): A Comprehensive Guide
The Enterprise Investment Scheme (EIS) is one of the most tax-efficient investment vehicles available for UK investors. Launched in 1994, the scheme was designed to boost early-stage businesses and fuel innovation. Over the years, EIS has connected ambitious startups with private investors, resulting in over £25 billion invested into 36,000+ companies. If you’re looking for […]
Autumn Budget on 30 October 2024 presented Chancellor Rachel Reeves
Chancellor Rachel Reeves presented the Autumn Budget on 30 October 2024, outlining significant changes across various financial sectors. Personal Tax Employment Business Capital Taxes Other Matters These measures aim to address the £22 billion shortfall in public finances and lay the groundwork for economic stability and growth amid challenging financial circumstances.
HMRC Encourages Self-Assessment Taxpayers to Manage Payments Flexibly
As the Self-Assessment tax deadline approaches on 31 January 2025, HMRC is urging taxpayers to explore payment options that can ease financial strain. With the rising cost of living, managing tax obligations can feel overwhelming. HMRC’s tailored payment solutions aim to make this process smoother and more manageable. Payment Plans with HMRC’s ‘Time to Pay’ […]
