Latest Tax Tips and News - March 2024

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01/07/2015

July 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!

Tax Reconciliation

HMRC has started the tax reconciliation process for the majority of taxpayers who are taxed under PAYE. This may include you or your relatives, as this reconciliation also covers those in receipt of the State Retirement Pension and private pensions. Read More...

RTI penalties

Employers are supposed to be warned in advance that a penalty for a late PAYE report is due. The HMRC computer should send an electronic notice through the PAYE online system, but in some cases those electronic notices have not arrived. Read More...

Reasonable Excuse

If you have received a penalty for late filing of your personal tax return it is possible to get it cancelled if all of the following conditions are met Read More...

VAT on Pre-trading Expenses

When you register your business for VAT you can reclaim the VAT charge on goods you acquired within the previous four years, and on services provided to your business within the last six months. Read More...

July Questions and Answers

Q. I personally own a number of buy-to-let residential properties. My son will attend a new school from September and it would be convenient for the family to live in one of those let properties. Can the cost of repairs made to that property while we are Read More...

July Key Tax Dates

5 - Deadline for PAYE settlement agreement for 2014/15 Read More...

Summer Budget 8th July 2015

Summary - Chancellor George Osborne has delivered the first Budget by a wholly Conservative government in almost 20 years. 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