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Welcome to our July newswire

Our aim is to keep you up-to-date with ideas and information that will help you gain the best possible advantages in working with us.

This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

Time to prepare for Corporation Tax changes

From April 2023, the Corporation Tax rate will rise for companies with profits of more than £50,000, following the Chancellor’s announcement at his Spring 2021 Budget.

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  Making Tax Digital for Income Tax – Get ready now!

The next big step in the Government’s Making Tax Digital (MTD) initiative is rapidly approaching.

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Points-based system for HMRC late payment penalties

Penalties for late submission and late tax payments will be determined by a new points system to make them fairer and more consistent, HM Revenue & Customs (HMRC) has announced.

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Take account of your year-end tax liabilities

Payments on account are advance payments towards your tax liability for the year, if you complete a UK Self-Assessment tax return and is a way of settling tax owed.

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Director’s ban a warning to others to keep proper company records

A payroll services boss has been banned for orchestrating a multi-million-pound tax avoidance scheme.

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  Don’t miss the deadline for renewing tax credits

Unlike other benefits, tax credits usually have to be renewed each year by 31 July to continue receiving payments from HM Revenue & Customs (HMRC).

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A helping hand with the cost of children’s summer activities

Parents faced with the financial headache of childcare over the long school summer holidays are reminded they can get support from the Government.

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At Richard Anthony we solve problems.

Richard Anthony Chartered Accountants - 2nd floor, Gadd House, Arcadia Avenue, London N3 2JU
Telephone: 020 8349 0353 | Email: info@richard-anthony.co.uk

Registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk for the UK, under reference number C006479741.

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