Monthly Archives: July 2013

 1 August 2013 - Due date for corporation tax due for the year ended 31 October 2012.  19 August 2013 - PAYE and NIC deductions due for month ended 5 August 2013. (If you pay your tax electronically the due date is 22 August 2013)  19 August 2013 - Filing deadline for the CIS300 monthly return for the month ended Continue Reading

We thought readers might be interested to see how well HMRC have done in the last year, collecting our taxes and tackling fraud. The following statement is reproduced from Parliament’s website and was made by The Rt Hon Margaret Hodge MP, Chair of the Committee of Public Accounts, on 2 July 2013.  “These accounts give us a mixed picture. One Continue Reading

Holiday businesses in Devon, Cornwall, North Wales, the Lake District and Blackpool area beware: the taxman has set up a further task force to seek out and bring to account business owners who are not declaring the correct information on their tax returns.  The taskforces are trained to focus on particular business sectors and may have some flexibility regarding the Continue Reading

Generally speaking, debts of a person’s estate are deductible for IHT purposes – though there are some circumstances where specific debts cannot be deducted such as where the deceased had previously made a gift to the person who made the loan. Following this year’s Finance Act, which became law on 17 July, there are several changes affecting deaths on or Continue Reading