Month: February 2020

With a view to keeping you the right side of an HMRC penalty the deadlines for March 2020 are as follows: 1st March Last date to pay any self-assessment tax owing for 2018/19 before an automatic 5% late payment penalty applies. Tip: If you agree a "time to pay arrangement" before this date HMRC will … Continue reading HMRC March Deadlines

An increase to the NI threshold has been confirmed ahead of the budget on 11 March. How will this affect your clients? Whats changing? From 6th April 2020 taxpayers will enjoy an NI threshold of £9,500 per year. During the next tax year, employees will save £104 as a result of these changes, and the self-employed … Continue reading NI contributions threshold increased to £9,500

In 20 years the UK plans to ban the manufacture of petrol/diesel cars so that this switch is more a choice of when rather than if. There were just 3,500 electric cars registered in the Uk in 2013 and now there are 230,000 so the technology and infrastructure is rapidly developing to make owning an … Continue reading Should I go electric with my next car