Sinclair Day

August 30, 2017

Who are people with significant control?

The register of people with significant control (PSC register) lists individuals who exert significant control over UK companies and came into effect 6 April 2016. A PSC is anyone in a company or LLP who meets one or more of the conditions listed
August 30, 2017

Using your car for work and claiming for passengers

Do you use your own car for business purposes? If so, you may be able to claim a tax-free allowance from your employer known as a Mileage Allowance Payment or MAP. The allowance is paid when employers use their own car, van, motorcycle or bike for
August 30, 2017

VAT – beware the default surcharge

A default surcharge is a penalty levied on businesses that submit late VAT returns. VAT registered businesses are required by law to submit their returns and make sure that payment of the VAT due has cleared to HMRC’s bank account by the due date.
August 24, 2017

Tax Diary September/October 2017

1 September 2017 - Due date for Corporation Tax due for the year ended 30 November 2016. 19 September 2017 - PAYE and NIC deductions due for month ended 5 September 2017. (If you pay your tax electronically the due date is 22 September 2017) 19