Pro-Taxman

Self Assessment tax reurn

Are you late with your self-assessment return? Here’s what you need to know.

Penalties for late self-assessment returns The normal due date for a self-assessment return where filed online is 31 January after the end of the tax year to which it relates. This means that self-assessment tax returns for 2017/18 should have been filed online by midnight on 31 January 2019, and self-assessment returns for 2018/19 must …

Are you late with your self-assessment return? Here’s what you need to know. Read More »

Are you prepared for the dividend allowance cut on your January 2020 tax return?

Dividend complexities The dividend allowance, which was originally introduced from 6 April 2016, was cut from £5,000 a year to £2,000 from 6 April 2018. The cut is likely to have a significant impact on employees and directors of small businesses who receive both salary and dividend payments.Many family-owned companies allocate dividends towards the end …

Are you prepared for the dividend allowance cut on your January 2020 tax return? Read More »