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When is Corporation tax Due?

When is Corporation tax Due?

Corporation Tax The Corporation Tax deadline is 9 months and 1 day after a registered companies year end.All businesses registered at companies House have to record their income and profits, and company accounts, as well as a tax return and a confirmation statement....
Do I have to pay Benefit in Kind Tax on my Plane or Boat?

Do I have to pay Benefit in Kind Tax on my Plane or Boat?

 What is the guidance for Benefit in Kind Tax (BIK) for planes and boats? The short answer is yes, and since 6th April 2017, the rules for Benefit in Kind Tax (BIK) on Asset made available to a director or employee (or their family or household) without transfer have...
How do I pay Capital Gains Tax?

How do I pay Capital Gains Tax?

  Paying Capital Gains Tax (CGT)  You can pay your Capital Gains Tax when you file the return through the HMRC website, using the link above (When do I pay Capital Gains Tax?), or you can pay it through your Self Assessment account, after logging onto your personal...
What reliefs can I claim on Capital Gains Tax?

What reliefs can I claim on Capital Gains Tax?

 Capital Gains Tax (CGT) reliefs There are reliefs you can claim which will mitigate the calculated gain, such as Private Property relief and Letting relief in the case of Houses and Land, and such as Business Asset Disposal relief (formerly Entrepreneurs relief) and...
When is Capital Gains Tax Due?

When is Capital Gains Tax Due?

 Capital Gains Tax (CGT) A Capital Gains Tax (CGT) return should be filed whenever you sell, or dispose of a Capital Asset, such as a house, land or business assets such as shares in a trading company. The amount of tax may be very little or even nil, but the return...
How do I pay Stamp Duty Land Tax?

How do I pay Stamp Duty Land Tax?

 SDLT (Stamp Duty Land Tax) – how do I pay it? In most circumstances, you solicitor or advisor will calculate your SDLT for you, and add it to their fees, such as when purchasing a property, however on occasion you will need to file the return and pay the tax...