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End of the personal tax year – documents to keep!

End of the personal tax year – documents to keep!

Today (5th April) is the end of the 2016-17 tax year and tomorrow sees the beginning of the 2017-18 one.   Those having to complete a personal self assessment tax return for 16/17 have until 31st January 2018 to file and make payment – although we don’t recommend...
What is a P11D? And do I need to complete one?

What is a P11D? And do I need to complete one?

What is a P11D? The P11D is a statutory form required to be filed with HMRC detailing the cash equivalents of benefits paid to their employees.   Who needs to complete a P11D? Employers who have paid benefits to employees during a tax year need to complete them.   Who...
Tax Return Time!

Tax Return Time!

Tax Return Time! We are now out of the 2015/16 personal tax year and we are into the 2016/17 one. Your employer should shortly be giving you your P60 forms detailing all your income tax and national insurance contributions for the year ended 5 April 2016 through your...
Travel and Subsistence rules under attack!

Travel and Subsistence rules under attack!

If you travel a lot for your business, we’re sure you’ve heard the news buzzing around the contracting world about the proposed changes to tax rules for travel and subsistence. Following the 2015 summer Budget, the Government has proposed removed of tax relief on...