Monthly Archives: October 2013

One of the major accountancy bodies, the Association of Certified Accountants, has reminded home based entrepreneurs that they can make a valid claim, for tax purposes. The ACCA’s head of tax, Chas Roy-Chowdhury, reflected: “The rise in start-ups from the home is good news for the economy, but whether these home-based entrepreneurs are aware that, for example, they can deduct Continue Reading

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

HMRC was given new powers from 1st September 2013 to request information from UK’s merchant acquirers – the companies that process card payment transactions. This will enable HMRC to data-mine information on all credit and debit card payments made over the last four years. It would seem likely that HMRC will use their Connect software to make connections within the Continue Reading

The acronym stands for Annual Tax on Enveloped Dwellings. The tax was introduced in April 2013 to discourage ownership of property in an “envelope” that could avoid payment of Stamp Duty Land Tax on a subsequent sale.  ATED is a tax on companies and so-called Non-Natural Persons (NNPs) who have an interest in a residential property in the UK that Continue Reading