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01/01/2023 |
January 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!
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| Claiming employment related expenses |
| There is a very limited range of expenses that employees can claim, but these can include the flat rate deduction (£6 per week) for working from home, if you are required to work from home, have no alternative place to work at, and your employer Read More... |
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| Beware of electronic sales suppression |
| Electronic sales suppression (ESS) is the use of software or hardware tools to manipulate the sales recorded by an electronic point of sale (EPOS) device Read More... |
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| VAT late filing penalties |
| VAT registered businesses must now use MTD-compatible software to file VAT returns, as the old online form where you typed in your VAT figures Read More... |
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| Late VAT payments and interest |
| The new penalty regime for late payment of VAT is fairer to those who miss the VAT payment deadline Read More... |
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| January Questions and Answers |
| We hire casual labour to work alongside our permanent staff over busy periods such as Christmas. If an individual works only one shift and earns say £90, do we need to add that person to the payroll to process Read More... |
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| January Key Tax Dates |
| Two new VAT penalty regimes, for late payment and late filing, come into effect for VAT periods beginning on and after Read More... |
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| 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
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Copyright © 2024 Capitax Financial. All rights reserved.
Capitax Financial Ltd
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Capitax Financial is a trading name of Capitax Financial Ltd
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