Latest Tax Tips and News - March 2024

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01/08/2014

August Tax Tips & News

Welcome to the Capitax Financial Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Accelerated Payments

The Taxman now has the power to demand tax from you if you have used a registered tax avoidance scheme, or if he thinks the tax scheme you have used is similar to one that has been judged to fail by a Court or Tribunal. Read More...

Maximising Statutory Maternity Pay

Paying Statutory Maternity Pay (SMP) is not optional. It must be paid if your employee qualifies, but the good news is that a small business can recover 103% of the SMP paid from HMRC. Read More...

Commission Refunds

If you invest through a firm of financial advisers, you may well receive a repayment of commission from that firm each year. Read More...

EC Sales Lists

If your business is VAT registered and you sell goods or services into other European countries you must generally also submit another form to the Government called an EC sales list (ESL also known as form VAT101). Read More...

August Questions and Answers

Q. In July 2011 I sold a property which had been used for my business. I planned to reinvest the proceeds in another property, but that acquisition never happened. I know I should now pay Capital Gains Tax on the gain made in July 2011. Read More...

August Key Tax Dates

2 - Last day for car change notifications in the quarter to 5 July - Use P46 Car Read More...

About Us

Capitax Financial is an independent and forward-thinking firm of Chartered Accountants, Tax Consultants and Business Advisors based in North West London (Stanmore, Harrow). We provide a full range of accounting, tax and business services to a wide range of UK and International clients, whether they are private individuals, entrepreneurs, investors, families, partnerships or corporate clients. Visit our website capitaxfinancial.com for more information.

Best wishes,

Samir Shah BFP FCA (samir@capitaxfinancial.com)

Director

Capitax Financial Ltd Devonshire House 582 Honeypot Lane Stanmore Middlesex HA7 1JS

Capitax Financial is a trading name of Capitax Financial Ltd