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Entrepreneurs’ relief: lifetime limit cut to £1m

Chancellor announces reform to controversial relief.

What’s changed?

Tapered annual pension allowance rises to £200,000

A break for most high earners, but does it go far enough?

Does this affect you?

Govt. provides £330bn lifeline to businesses

18 Mar

Measures introduced to stem coronavirus impact.

Does this apply to you?

HMRC stops sending out paper tax returns

17 Mar

Paper returns need to be downloaded or requested.

Find out more

Capital gains tax receipts tipped to soar

16 Mar

Treasury expects to net £15.7bn in 2023/24.

Read full story

Tax body demands VAT simplification

13 Mar

Rules for food and drink ‘overly complex’.

Click to read more

1.6 million face retirement with no private pension

10 Mar

Government statistics reveal shortfall.

Read more

Dates and Deadlines

Monthly postal PAYE/class 1 NICs/student loan payment
If you pay by cheque through the post, monthly payments due for PAYE, class 1 NICs and student loan deductions from February 2020.
CIS return
Construction Industry Scheme: monthly return due for period up to 5th of previous month.
Due date for payment of supplementary declarations for February 2020.
EC sales list
Deadline for online monthly or quarterly return filing.
Monthly electronic PAYE/class 1 NICs/student loan payment
If paying electronically, pay PAYE, class 1 NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Corporation tax
End of corporation tax financial year.
Corporation tax return
Filing deadline for corporation tax return self-assessment form CT600 for period ended 31 March 2019 to be submitted to HMRC.
Company accounts filing deadline
Deadline for filing your company tax return is 12 months after your accounting period for corporation tax ends.
End of CT61 quarterly period.
Residence nil-rate band
Residence nil-rate band increases from £150,000 to £175,000.

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AMS Accountancy

Delta 606
Welton Road