With so much continued uncertainty around Brexit and what it might mean for international trade, it’s great to be able to highlight some positive news for UK businesses who buy and sell abroad!
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Sian Kelly
If you’re a frequenter of coffee shops (and let’s face it, who isn’t these days?), you’ll be well used to the barrage of questions that follows almost every order.
“Black or white coffee? Would you like the sandwich heated? Eat in or take away?”
Where income is mainly derived from savings, it is possible to enjoy tax-free savings income of up to £18,500 tax-free in 2019/20 in addition to that held in tax-free wrappers, such as individual savings accounts (ISAs).
Under the self-assessment system, a taxpayer is required to make payments on account – advance payments towards the eventual tax and National Insurance liability – where the previous year’s self-assessment bill was £1,000 or more, unless more than 80% of the tax liability is deducted at source
After more than two years of back and forth with Brussels, time is very nearly up on the Brexit negotiations. Britain’s exit from the EU is set for the 29th March 2019 - and at the time of writing, still no deal has been struck.
The deadline for filing the 2017/18 self-assessment tax return of 31 January 2019 has now passed. You filed your return on time and paid the tax that you thought was due, but you know realise that you have made a mistake.