Key Accounting Services Salisbury Ltd

Missed your tax deadline? You might have a reasonable excuse that could save you from penalties. Serious illness, bereavement, or unexpected tech failures could count. Find out how acting quickly helps and when to appeal. Read on to see if you qualify.

What is a reasonable excuse for missing a tax deadline? Missing a tax deadline can result in penalties from HMRC, but a taxpayer may be able to appeal if they have a genuine

Summer VAT relief on kids' meals and family attractions has ended. From 2 September, normal VAT rules apply. Check your tickets and payments to avoid surprises. Find out why this matters for your next day out!

Summer VAT relief has ended The temporary 5% reduced rate of VAT introduced for certain children’s meals, tickets and family attractions ended on 1

VAT registration just got a lot more interesting! Did you know you might reclaim VAT on some costs from before you were even registered? It could mean reclaiming VAT on goods bought up to four years prior and services up to six months earlier, but only if they're linked to your current business. Intrigued? Find out why this could impact your next VAT return and what special rules might affect you.

Recovering VAT on pre-registration costs Businesses that register for VAT may be able to reclaim VAT paid on certain goods and services purchased before VAT

Alert: Missing a tax notification to HMRC could land you with a penalty. If you have overlooked a tax liability, stepping forward now could help reduce fines. Find out why acting fast matters and how your cooperation makes a difference. Read on to see what you need to know.

HMRC penalties for failing to notify a tax liability If you become liable to pay a tax or register for a tax that HMRC has not already been informed about, you must notify

Alert: Are you sure you're not paying too much tax on income from abroad? Many UK taxpayers might be missing out on reliefs or exemptions. Find out why it matters and see if your overseas earnings are being taxed fairly. Read on to check your status and avoid overpaying.

Are you paying unnecessary tax on foreign income? UK taxpayers with income from overseas may not always be aware of the tax rules that apply. Foreign income is defined

Stamp Duty Land Tax (and associated regional costs) could add a big cost when you buy property. Wondering when it applies and how much? Find out why it matters before you sign anything. Read on to avoid surprises with your next purchase.

When do you pay Stamp Duty Land Tax? Stamp Duty Land Tax (SDLT) is a tax that may apply when you buy land or property in England or Northern Ireland. It is

Tax relief can multiply your pension pot, employer contributions and smart pay options add up to more pension income for your future. Curious how it works? Find out why it matters now.

Tax relief on pension contributions for employees Receiving tax relief on pension contributions into a workplace pension is a great way to help prepare for retirement. In

Alert for self-employed folks: when your profits swing wildly year to year, HMRC's averaging relief could smooth your tax bill and balance your payments better. Curious if you qualify? Find out why this matters now and how it could help you smooth out your tax payments.

Averaging profits if income fluctuates Some self-employed individuals experience significant fluctuations in their profits from one year to the next. When this

Alert for anyone dealing with inheritance: Did you know a Deed of Variation could reshuffle who gets what and even ease the tax load? It's not just about changing names on paper, but about reshaping legacies fairly and smartly. Talk it through with your family and find out why timing and agreement matter. Curious how it works? Read on to explore this crucial option.

Could you save tax by making a Deed of Variation? After someone dies, the beneficiaries may find that the way an estate has been distributed does not reflect their wishes

Alert: Mileage rates for work journeys have changed! Car and van rates jump to 55p per mile for the first 10,000 miles. Curious how this affects you or a colleague? Find out why thousands could be missing out on tax-free relief and what to check with your employer. Read on to make sure you're claiming what's rightfully yours.

Claiming the correct tax relief for work mileage Employees who use their own vehicle for business journeys may receive Mileage Allowance Payments (MAPs) from their