business taxation Archives - Page 53 of 80 - Whitefield Tax - Isle of Wight Accountants

Student loans payroll deductions – what plan are they on?

by Jessica Garbett | Jun 11, 2018 | ACCA, business taxation, employer returns, personal taxatation

Reporting the correct student loan plan is essential. Payroll software will generally handle student loan deductions quite efficiently but it will always rely on human input of the correct student loan plan. If this is wrong then the deductions may also be incorrect....

PAYE Settlement Agreement (PSA)

by Jessica Garbett | Jun 7, 2018 | ACCA, business taxation, employer returns

After 5 July 2018, you can’t apply for a PSA for the 2017 to 2018 tax year. As a reminder, a PAYE Settlement Agreement (PSA) allows an employer to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or...

Non-taxable payments and benefits

by Jessica Garbett | Jun 4, 2018 | ACCA, business taxation, employer returns, personal taxatation

With the P11D deadline approaching, A handy summary of ten common non-taxable payments and benefits. Late-night taxis. The cost of a late-night taxi provided by an employer to an employee for a journey from home to work will be exempt if the employee is required to...

P11D deadlines

by Jessica Garbett | May 31, 2018 | ACCA, business taxation, employment status

The employer filing deadline of 6 July is approaching quickly. The 2017/18 tax year will be the first tax year where the value and types of benefits that employers report on their 2017/18 forms P11D and P11D(b) can be affected by the introduction of ‘special rules’ to...

MTD for VAT is coming

by Jessica Garbett | May 29, 2018 | ACCA, business taxation, VAT

Since mainstream Making Tax Digital (MTD) was delayed, time has passed quickly and many businesses thoughts have passed to more pleasant things like tax returns and GDPR! But MTD is back on the horizon and it will impact on VAT shortly. What changes does MTD for VAT...

HMRC changes its digital tax priorities

by Jessica Garbett | May 22, 2018 | ACCA, business taxation, HMRC, personal taxatation, VAT

Brexit implications will delay HMRC projects. HMRC has confirmed to ACCA and other professional bodies that various projects currently in operation will either stop or be paused due to BREXIT ‘challenges’. The confirmations came after the issues were discussed at a...

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Student loans payroll deductions – what plan are they on?

PAYE Settlement Agreement (PSA)

Non-taxable payments and benefits

P11D deadlines

MTD for VAT is coming

HMRC changes its digital tax priorities

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