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01/09/2024

September Tax Tips & News

Welcome to the Andrews & Brown Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Axe falls on tax benefits for Furnished Holiday Lets

The Government has published a policy paper confirming the abolition of the Furnished Holiday Lettings (FHL) tax regime. Read More...

Are we going back to the future for CGT?	Digital platform rules: new guidance ahead of first report deadline
In 1989, Conservative Chancellor Nigel Lawson decided to change the rules around Capital Gains Tax so that it was applied at whatever the taxpayer's marginal rate was... Read More...	In four months' time, the first reports are due for compliance with the new Digital Platform Reporting rules... Read More...

UK and Ecuador announce tax treaty

The Government has published details of a new tax treaty with Ecuador. The UK and Ecuador signed their first comprehensive double tax treaty on 6 August...
Read More...

September Questions and Answers

September Key Dates

Q: I'm interested in investing in a startup and I’ve heard about the Seed Enterprise Investment Scheme. I'm considering investing £30,000 in a company that qualifies this tax year. What tax relief can I expect? Answer

Q: I'm planning to rent out a room in my home for £9,000 this year. Am I right in thinking that some of this income will be tax-free? If so, what are the rules? Answer

Q: I run a small business. Due to a cashflow issue, we're struggling to pay our next VAT bill in full and we've only got 20 days until payment is due. What are our options? Answer

Newsletter issue – September 2024

1^st

New advisory fuel rates for company cars take effect

6^th

Final deadline for businesses for filing P11Ds for employees

19^th

For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you’ll owe HMRC

22^nd

Deadline for employers operating PAYE to pay HMRC. This is also the quarterly deadline for businesses that pay per quarter. For those paying by post, the deadline is 30 September.

30^th

Corporation Tax Returns are due for companies with year-end of 30 September

About Us

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Heathrow Approach 470 London Road Slough SL3 8QY

Andrews & Brown is a trading name of Andrews & Brown Chartered Accountants