Clothes for work - are they tax deductible?
BusinessIf you need special clothes to do your job you may think the cost of these is an allowable business expense. There are only a few items of clothing which are allowed as a tax deductible expense.
If you need special clothes to do your job you may think the cost of these is an allowable business expense. There are only a few items of clothing which are allowed as a tax deductible expense.
One of our payroll clients recently received a letter from a Debt Recovery company advising of PAYE owing to HMRC. They forwarded the letter to us because, as we do their accounts too, they were surprised we had not notified them that they had missed…
HMRC have announced a change to the penalties for submitting or paying a VAT return late. This will take effect from the first VAT period after 1 January 2023. Importantly these changes will also be applied to
HMRC have advised that employers will soon be able to pay their PAYE by direct debit. This functionality should have been available from 19th September 2022 but has been delayed until October.
With MTD ITSA (Making Tax Digital for Income Tax Self Assessment) just 18 months away more accountants are offering a bookkeeping service.