Ossmans

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Payrolling employee expenses and benefits

18/04/2024

Employers can register on a voluntary basis (before the start of the tax year) to report and account for tax on certain

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Changes to Scottish Income Tax rates 2024-25

18/04/2024

A reminder of the changes to Scottish Income Tax rates for the 2024-25 tax year. It was announced as part of the

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Taxable employment benefits from April 2026

18/04/2024

From April 2026, the government will mandate the reporting and paying of Income Tax and Class 1A National Insurance

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View and prove your immigration status

18/04/2024

A UK Visas and Immigration (UKVI) account can be used by eligible users to view and prove their immigration status

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Post Transaction Valuation Checks

18/04/2024

A Post Transaction Valuation Check (PTVC) can be requested from HMRC for an individual to work out a capital gains tax

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Class 4 NICs who is liable?

18/04/2024

Most self-employed people are required to pay Class 4 National Insurance contributions (NICs) if their profits are

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Tax Diary May/June 2024

18/04/2024

1 May 2024 - Due date for corporation tax due for the year ended 30 July 2023. 19 May 2024 - PAYE and NIC deductions

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COVID Bounce Back abuse

16/04/2024

The Insolvency Service has recently published information confirming that a total of 831 company directors were banned

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Settling energy disputes

16/04/2024

Business owners that are in dispute with their energy suppliers will be interested in the free support on offer from the

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Accessing the HMRC mobile APP

11/04/2024

HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The

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Using the starter PAYE checklist

11/04/2024

Employers that take on a new employee need to work out which tax code and starter declaration to use in their payroll

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HMRC continues to target till fraud

11/04/2024

HMRC has, for many years, looked to target businesses that deliberately undertake electronic sales suppression (ESS).

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Termination payment clearance process

11/04/2024

The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the

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VAT retail schemes

11/04/2024

VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are used by

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Paying VAT on goods from EU to Northern Ireland

11/04/2024

There are special procedures for moving goods in and out of Northern Ireland. Under the Northern Ireland Protocol, all

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New employment protections

09/04/2024

New legislation, including three Government backed cross party Acts, came into force from 6 April 2024. Pregnant women

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What do we mean by profit?

09/04/2024

When most business owners refer to business profits, they are likely to mean the difference between sales and costs, and

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To register or not to register

05/04/2024

In the recent Spring Budget, the VAT registration threshold was raised to £90,000 (previously £85,000) which means that

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CONTACT US

Ossmans Limited
591 London Road
North Cheam
Surrey
SM3 9AG

Tel: 020 8330 7711
Fax: 020 8330 6226
Email: mail@bremakumars.com