Latest Tax Tips and News - March 2024

+44 (0) 203 475 7727

01/10/2023

October 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!

Advisory Fuel Rates – MUST Be Effective 01 October 2023

The Advisory Fuel Rates (AFRs) have had their quarterly review and HMRC published revised rates from 01 September 2023. With rising fuel prices again, it's not surprising there were changes - mainly for cars with a higher cc. The following rates are effec Read More...

R&D Tax Relief – Additional Information Required

Research and Development (R&D) is a Corporation Tax relief that is a Government support to some UK companies working on innovative projects in science and technology. There are currently two R&D schemes: Read More...

The deadline for registering for Self-Assessment is 05 October 2023 (for 2022/23 tax year with tax returns due by 31 January 2024). Individuals must complete and send a tax return if, in 2022/23: Read More...

Statutory Paternity Leave and Pay Changes in 2024

These affect us personally and professionally and if you have policies and procedures regarding Statutory Paternity Leave (SPL) and Pay (SPP), be aware of changes coming from the start of the 2024/25 tax year. This information is provided to help you prep Read More...

October Questions and Answers

Q: We have started reimbursing London’s extended Ultra Low Emission Zone charges when an employee must pay them whilst on business for us. Can we reimburse them free of tax? Read More...

October Key Dates

HMRC’s Advisory Fuel Rates (published in September) must be implemented by employers by the date 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