by Mark Phillips | Mar 7, 2023 | Employment Allowance, Business Owner, Employer, Employment, hmrc, making tax digital, tax, tax rebate
Accountants Chester – Tax Tip No. 8 The Employment Allowance is an allowance that eligible employers can claim to set against their secondary (employer’s) Class 1 National Insurance liability. The employment allowance is set at £5,000 for 2023/24, capped at the...
by Terry Phillips | Mar 2, 2023 | Uncategorized, hmrc, Income Tax, making tax digital, MTD ITSA, tax, tax rebate
Accountants Chester – Tax Tip No. 7 If you have paid too much tax, you will be able to get a refund from HMRC. The mechanics for obtaining your refund depending on how the overpayment arose. Claims must be made within four years from the end of the tax year to...
by Terry Phillips | Feb 24, 2023 | tax, accountancy, expense claims, expenses, hmrc, tax rebate
Accountants Chester – Tax Tip No. 5 A tax charge may arise under the benefit in kind legislation where a company van is available for an employee’s private use. If fuel is also provided for private journeys, a separate fuel benefit tax charge arises. The van and...
by Mark Phillips | Feb 21, 2023 | tax, accountancy, expenses, hmrc, making tax digital, tax rebate, Uncategorized
Accountants Chester – Tax Tip No. 4 For a brief period it seemed that the days were numbered for the additional rate of tax following the announcement in the ill-fated mini Budget that it was to be scrapped. Like much of the mini Budget, its planned abolition...
by Mark Phillips | Dec 12, 2022 | accountancy, accountancy software, business management, hmrc, making tax digital, scamming, tax, tax rebate
Accountants Chester – Tax Tip No. 1 If you’re one of the 12.2 million individuals who are due to file a self-assessment tax return this year, you need to be aware of potential scams out there. Unfortunately, numerous fraudsters out there will contact you and...
by Terry Phillips | Nov 15, 2022 | accountancy, business management, council tax, hmrc, making tax digital, tax, tax rebate
The Government is urging eligible households to claim their £150 council tax rebate as November 30th comes because, this time, the deadline won’t be extended! The reason we’re talking about it here at Phillips & Co Accountants is that there are a lot of questions...
