HMRC criticised for time taken to process tax refunds
HMRC is under scrutiny for taking over four months to process tax refunds, a process that previously took just a few weeks. The delays are particularly affecting employers' PAYE refunds and the Construction Industry Scheme (CIS). Read More...
Is it time to use up this year’s cash ISA Allowance?
Rumours have swirled since before the last Autumn Statement about a possible cut to the annual cash ISA allowance. It is now known that the Chancellor has been evaluating cutting this allowance.
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Changes to notifications by employers to operate PAYE on a proportion of a globally mobile employee’s income and Overseas Workday Relief
The previous non-domicile rules regarding operating PAYE on a reduced percentage of an employee's income (known as Section 690) ended, replaced by a system based on tax residence. Read More...
HMRC’s ‘Help for Hustles’ Campaign
This is a recent initiative by HMRC. The campaign is designed to assist individuals who earn extra income outside their main job, ensuring they understand their tax obligations. Read More...
June Questions and Answers
Q: I’ve reached that stage in my life where I need to think about my estate and the amount of inheritance tax that may be paid on it. I’ve heard that gifting money before I die is free of IHT. Can you please explain how this works? Read More...
June Key Dates
1st June - Corporation Tax payments are due for companies with a year-end of 30th September. Read More...
About Us
AKS Accountancy Accountants are based in South East London, offering local business owners and individuals a wide range of services. All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website aksaccountancy.co.uk for more information.
