The online service can be used to appeal a £100 late filing penalty, or form SA370 to appeal any late filing or late payment penalty. View the forms and guidance at www.gov.uk/government/publications/self-assessment-appeal-against-penalties-for-late-filing-and-late-payment-sa370 You must have a reasonable excuse and that excuse must remain in place throughout the period from the late filing to the filing of…
If you’re thinking about employing someone, or giving an existing employee a pay rise, you probably want to know how much it’s going to cost you. With our salary calculator, enter the proposed salaries for one or more employees and apprentices. Then see your salary, national insurance and pension contributions bill, per month and per…
All new employers now need to set up auto enrolment pensions for their eligible employees. Legal duties begin as soon as you employ someone. Therefore, ideally you will set up a pension scheme before taking on your first employee, so that they can be enrolled as soon as they start. There are many providers of…
Bitcoin, the peer to peer currency, has recently hit the headlines with plummeting values after China ordered trading in the currency to cease. This plunge followed some startling increases in value over the previous year, from $595 in October 2016 to $4,950 at the start of September this year. So what are the tax consequences…
After significant protests and pressure from business, professional bodies and MPs, the government has accepted that the scope and pace of reforms should be delayed. VAT records must be kept digitally from April 2019, but the wider rollout of digital quarterly reporting for sole traders and small businesses will not begin until at least 2020.…
If you’re thinking of offering your employees any benefits, it’s worth bearing in mind new rules on how those benefits are taxed. In short, if you offer an employee the choice between cash or a benefit in kind (also known as “salary sacrifice”), they will be taxed on whichever of the 2 results in higher…