Q. I'm thinking of starting a new company. Will it qualify for the NIC exemption?A. It depends where your business is based. Businesses in the east and south east of England, or London don't qualify for the so-called NIC holiday. The south-east region stretches all the way up to Northamptonshire border, so you need to be quite clear where your ...

Most tax and VAT returns now have to be submitted electronically, so if the return is late, even by a minute, the computer spits out a fine. This also applies to filing accounts and annual returns for companies or LLPs at Companies House. Filing a tax return or submitting accounts online can be quicker, as there is no delay caused by sending a...

Who should pay contributions into your pension fund: you or your employer? If you control the company you work for, the most tax efficient solution is almost certainly for the company to pay as your employer. The company can set a reasonable level of pension contributions against its profits subject to corporation tax (at 20%, 24% or 25%), and...

There has been a lot of coverage in the press recently about tax relief for charitable donations. When you make a donation to a charity or to a community amateur sports club you can make a declaration that your donation is made under Gift Aid. This declaration can be made in writing, online or over the phone, but in all cases it should include yo...

If you have recently logged-on to the HMRC online service for PAYE for employers, or corporation tax you will have seen a request to sign-up for the tax dashboard. This is a new facility that will provide a single view of all your business tax liabilities arising from corporation tax or income tax (for company or individual), VAT and PAYE. The...