Premier Accounts Blog

CGT – share exchange

by | Nov 24, 2022 | Overseas personal tax issues

One of the more ‘niche’ measures introduced as part of the Autumn Statement measures related to Capital Gains Tax: Share for Share Exchange.

This is intended to stop UK tax being avoided by non-UK

MTD for ITSA

by | Nov 24, 2022 | Income Tax

The introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) is set to commence from April 2024. This means that clients who have not yet prepared for the change have less than

Reminder of working from home allowances

by | Nov 24, 2022 | Employment & Payroll

Employees who work from home may be able to claim tax relief for bills they pay that are related to their work.

Employers may reimburse employees for the additional household expenses incurred

Tax Diary December 2022/January 2023

by | Nov 21, 2022 | Tax Diary

1 December 2022 – Due date for Corporation Tax payable for the year ended 28 February 2022.

19 December 2022 – PAYE and NIC deductions due for month ended 5 December 2022. (If you pay your tax

Fiscal drag

by | Nov 21, 2022 | General

You may have encountered this phrase, fiscal drag, in recent weeks, particularly if following the Autumn Statement announcements last week.

A large part of Chancellor Hunt’s announcements confirmed

Basis of assessment changing

by | Nov 17, 2022 | Business

Forthcoming ‘basis of assessment’ reforms will change the way trading income is allocated to tax years for the self-employed. The changes will affect sole traders and partnerships that use an

More on HMRC payment plans

by | Nov 17, 2022 | Income Tax

Businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service.

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