Moneysoft - AccountingWEB
Payroll Manager is a comprehensive, easy to use, HMRC recognised for 2019-20 RTI compliant payroll software package used by thousands of SME’s, agents, accountants and CIS Contractors across the UK. In the first 6 months of the tax year 2018-19, more than 1.5 million RTI submissions were successfully filed through our software.Features to support Automatic …
Autumn Budget 2024: Essential tax rates and thresholds
2024年10月30日 · These are the main tax rates and allowances updated following the Autumn Budget on 30 October 2024.
Deferred tax: Get the details right - AccountingWEB
2021年12月7日 · FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland deals with deferred tax in Section 29 Income Tax.For micro-entities choosing to prepare financial statements under FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime, deferred tax is irrelevant.. FRS 102 requires deferred tax to be recognised on …
Reverse-charge VAT rule is flipping confusing - AccountingWEB
2023年11月30日 · 2. Reverse charge relating to services – purchases from suppliers. When a UK business is receiving a service from overseas, if VAT-registered, the business takes the net figure on the invoice and treats it as both a sale and a purchase, the net figure going into Boxes 6 and 7.
Different types of company shares: A quick guide
2022年10月14日 · Company shares are not a one-size-fits-all thing and will come under several different share classes. As long as due process is followed, and subject to any restrictions in its articles of association, new share classes can be created by companies at any time.
Buy-to-let: How to calculate relief for excess interest
2023年2月3日 · I'm soooo glad that my moral objection to the concept of BTL has saved me from this world of pain! It may be relatively simple to program software to handle the calcs (or to pay an accountant to do it all including ensuring that the right figures are put in the right places), but neither of those are what the typical small 'investor' had in mind when signing-up to the story …
HMRC answers your questions on MTD IT preparations
2024年9月3日 · The mandation date for Making Tax Digital for income tax (MTD IT) for self-employed individuals and landlords with an income of more than £50,000 – April 2026 – is edging ever closer.
Time to focus on the associated company rules - AccountingWEB
2023年3月10日 · From 1 April 2023, we will no longer have the simplicity of a single corporation tax rate, but instead be back to the position last seen in 2015 of juggling two rates and marginal relief.
Three simplifications to self assessment | AccountingWEB
2023年12月5日 · Threshold bumped for 2023/24. The first announcement came in June 2023 when the tax authority bumped the threshold above which individuals with employment income only should file for self assessment (SA) from £100,000 to £150,000. This is effective for the current tax year 2023/24, with any taxpayers currently in self assessment whose earnings on …
Evidence now needed to claim employment expenses
2024年10月11日 · From 14 October, anybody wanting to claim employment expenses will need to use a paper P87 form and provide supporting evidence to prove their eligibility.. HMRC is tightening the process and adopting a “check first, pay layer” approach after reporting that the current way of working has resulted in many ineligible claims for employment expenses.