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Finance & Accounting>Finance & Accounting

How HMRC deals with tax debts

During the covid pandemic HMRC suspended many of their debt collecting activities. However, as the UK emerges and economic activity resumes, HMRC has restarted their

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Finance & Accounting>Finance & Accounting

‘Dynamic’ PAYE Tax Coding

Under the PAYE ‘Real Time Information’ scheme employers report to HMRC electronicallybefore making any salary or wage payments. To ensure that the right amount of

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Finance & Accounting>Finance & Accounting

Reporting income from property

The deadline for filing the 2020/21 self-assessment tax return online is 31 January 2022. If you received income from property, you may need to tell

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Finance & Accounting>Finance & Accounting

SDLT and shared ownership

Shared ownership can enable an individual to own a stake in a property where they would not otherwise be able to get on the housing

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Finance & Accounting>Finance & Accounting

Stamp duty land tax refunds

The additional stamp duty land tax (SDLT) rate of 3% is payable by purchasers of residential properties costing £40,000 or more and if all of

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Finance & Accounting>Finance & Accounting

Do I need to register for VAT?

You must register your business for VAT if your VAT taxable turnover exceeds the registration threshold. This is currently £85,000. You must register if: at

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Finance and Accounting

RTI penalties and period of grace

Under real time information (RTI), employers are required to report pay and deductions information to HMRC ‘at or before’ the time that the payment is

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