February Newsletter

Welcome to the February edition of our monthly Newsletter. We hope that you find something of interest within our newsletter and of course feel free to forward this on to friends or colleagues who may also find the content of interest. 

Self-Assessment: filing your tax return on time

Filing your tax return on time is essential, failure to do so without reasonable excuse will result in an £100 fine as well as potential further penalties.

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HMRC Let Property Campaign

The Let Property Campaign is a scheme allowing landlords to bring their tax affairs up to date while getting the best possible terms on any tax they may owe.

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Phishing Scams: HMRC Refunds

Phishing scams are a means by which a third party will attempt to trick you into divulging your personal information to them via bogus emails or web links.

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Salary, Dividends or Both?

Salary and dividends are both methods by which you can extract money from your limited company, but which is the most tax efficient way of doing so?

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Important Dates

31 January - Self assessment filing deadline for 2013 tax returns.

1 February - £100 penalty for 2013 tax returns not filed on or before 31st Jan 2014

2 February - Last day for car change notifications in the quarter to 5 January - Use P46 Car

19/22 February - PAYE/NIC and CIS deductions due for month to 5/12/2013

28 February - First 5% penalty surcharge for any unpaid 2012/13 tax liabilities due on 31 Jan 2014 paid after this date

Disclaimer

The information contained in this newsletter is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.
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