January • #01 NEW YEAR RESOLUTIONS TO SAVE TAXAt this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April.An obvious tax planning point would be to maximise your ISA...

January • DIARY Main Tax Events • January & February 20191st JanuaryCorporation tax for year to 31/03/18 (unless quarterly instalments apply)19th JanuaryPAYE & NIC deductions, and CIS return and tax, for month to 05/01/19. (due 22/12/18 if you pay...

December • #05 COLLECTING UNPAID TAX FOR 2017/18 THROUGH YOUR PAYE CODING Under certain circumstances it is possible to arrange the collection of unpaid tax through your PAYE coding rather than making a balancing payment on 31 January. This will depend upon the amount...

December • #04 GIFTS TO CHARITY Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity and for the individual to obtain additional tax relief on the payment. For example where an individual makes a...

December • #03 GIFTS OF UP TO £50 TO EMPLOYEES From April 2016 new rules were introduced to allow employers to provide their directors and employees with certain “trivial” benefits in kind tax free. The new rules were brought in as a simplification measure so that...

December • #02 CERTAIN GIFTS CAN HAVE CAPITAL GAINS TAX CONSEQUENCES Although there will be no CGT on gifts of cash there may be CGT to pay where the gift comprises shares or other assets. This is because the transaction will generally be deemed to take place at...