How to use the new HMRC app for your tax returns

For small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex. The new HM Revenue & Customs (HMRC) app seeks to make the process easier, however. The digital tool marks a significant shift away from traditional, paper-based methods, heralding a new era of streamlined tax processes.…

What business owners need to know about meeting PAYE deadlines

Among the long list of financial responsibilities that you must handle as a business owner is ensuring PAYE are made on time. In October 2023, the electronic payment deadline for your PAYE tax bill falls on Sunday, 22 October. To meet this deadline, your cleared funds must be in HM Revenue & Custom’s (HMRC’s) account…

Closing on the inaugural Economic Crime Levy payment – What you need to know

As we approach the end of September, businesses across the UK are gearing up to meet the inaugural deadline for the Economic Crime Levy (ECL) payment. HM Revenue & Customs (HMRC) has enabled this process by launching an online payment service, a move that signals the Government’s steadfast commitment to using technology to streamline compliance…