Emergency legislation will make SSP payable to employees who are advised to self-isolate at home and those caring for others who have self-isolated. The employee will be able to obtain a fit note from NHS111 online or by phone.
The government will reimburse employers for the costs of SSP paid for up to 14 days per employee (as long as the absence from work is due to the coronavirus and not for any other reason).
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The allowance can cover up to £1,000 of trading income per tax year. This means that the income is not taxable. If you have trading income of more than £1,000 you can deduct the allowance from your trading income (this is instead of deducting your expenses). Please contact me for more information.
Making Tax Digital (MTD) is an HMRC initiative that requires VAT-registered businesses above the £85k threshold to keep digital records and submit VAT returns using compatible software such as Xero. If that's your business you will need to be compliant from 1 April 2019. Please download the flyer below for more information! ![]()
The deadline for submitting your 2017/2018 Tax Return is the 31st January 2019. HMRC will issue an automatic penalty of £100.00 if your Tax Return is submitted late. Why not let me prepare your Tax Return for you?. I am able to offer a first year discount of 20% if I receive your records by 21.12.18! (normal price £99.00).
Are you wondering how the Autumn Budget will effect you or your business? If so, I hope that you will find the attached newsletter helpful! Please let me know if you have any questions relating to anything contained within the newsletter. ![]()
Welsh taxpayers will pay Welsh income tax from 6 April 2019, but the Welsh tax rates and bands have initially been set to align with those in England and Northern Ireland. Welsh taxpayers should soon receive PAYE codes with a pre-fix "C" (Cymru).
There was good news for individual taxpayers in the Budget; the personal allowance will rise from £11,850 to £12,500 on 6 April 2019. This will provide taxpayers on the basic rate (20%) with an income tax saving of £130 per year. Those who pay tax at the higher rates will also be pleased that the 40% band will effectively start at income over £50,000 for 2019-20.
The prices on the website have been significantly reduced! This is the first time that I have ever had a sale. These prices are only for new clients that join before 31.08.18.
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AuthorPhillip Holliday Archives
July 2022
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