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November Tax Tips & News
Welcome to the Andrews & Brown Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.
If you need further assistance just let us know or send us a question for our Question and Answer Section.
We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.
Please contact us for advice on your own specific circumstances. We’re here to help!
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| Millionaire business owners: increase CGT to raise £14bn |
| As Budget day inches ever closer, one of the leading topics at the heart of speculation continues to dominate the headlines. Namely, Capital Gains Tax (CGT). Read More... |
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| Many possible changes could be arriving for IHT | Changes to high earners for Self-Assessment | | Gifting rules look like they could be a target as one of several options to reform Inheritance Tax (IHT) and raise extra revenue for the Treasury. As speculation builds around potential changes to IHT in the upcoming Budget, many tax commentators are expe.. Read More... | Anyone who earned between £100,000 and £150,000 in the 2022-23 tax year should have received a letter from HMRC regarding changes to the requirements to fill out a Self-Assessment Tax Return for 2023-24... Read More... |
| New rules for businesses on employee hours data delayed | November Questions and Answers | | New rules for businesses surrounding submitting data about employees' hours through the tax system are to be delayed by a whole year, HMRC has announced... Read More... | Q: I own some agricultural properties that I hope to pass on to my sons when the time comes, but I’ve heard that there might be changes in the upcoming Budget. What are the current rules for Agricultural Property Relief on Inheritance Tax, and what might .. Read More... |
| November Key Dates | Autumn Budget 2024 | Newsletter issue – November 2024
1st
- 1 November onwards – more details of Treasury’s Budget papers expected to be published.
7th
- Due date for online submission of VAT return and payment of VAT for the quarter ending 30 September 2024 (if not on the Annual Accounting Scheme).
19th
- For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you’ll owe HMRC.
22nd
- Deadline for employers operating PAYE to pay HMRC. This is also the quarterly deadline for businesses that pay per quarter.
30th
- Deadline for filing the Company Tax Return (CT600) for companies with an accounting period ending 30 November 2023.
- Deadline for 2023/24 tax credit claims to be submitted and for renewing tax credits (Child Tax Credit and Working Tax Credit).
| Significant changes to Employers' National Insurance Contributions, Capital Gains Tax and Inheritance Tax were among the headline announcements in today's Budget.Read More... |
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All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website design1.iriswebportallive.co.uk for more information.
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