There are late filing penalties which are designed to encourage companies to file their accounts and reports on time. All companies, private and public, large or small, trading or non-trading must send their accounts to Companies House. A penalty is automatically imposed by Companies House if the accounts are late. The table of penalties for late…
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Young people urged to cash in their government savings pot
More than 670,000 18-22 year olds, yet to claim their Child Trust Fund, are reminded to cash in their stash as HM Revenue and Customs (HMRC) reveals the average savings pot is worth �2,212.Child Trust Funds are long term, tax-free savings accounts which were set up, with the government depositing �250, for every child born…
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How would a Mansion Tax or Wealth Tax work?
There is no present mansion tax or wealth tax in the UK, but there is speculation that the Labour Party may be tempted to introduce either or both as part of Rachel Reeves' first budget to be announced 30th October 2024.Basically, it would involve taxing individuals or properties based on the value of their assets…
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How would a Mansion Tax or Wealth Tax work?
There is no present mansion tax or wealth tax in the UK, but there is speculation that the Labour Party may be tempted to introduce either or both as part of Rachel Reeves' first budget to be announced 30th October 2024.Basically, it would involve taxing individuals or properties based on the value of their assets…
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