admin | SA Ledgers Ltd

Self-assessment deadlines 2023-24

by admin | Sep 5, 2024 | Income Tax

The deadline for submitting paper self-assessment tax returns for the 2023-24 tax year is 31 October 2024. If the return is submitted late, a £100 penalty will be imposed, regardless of whether there is a tax liability or if any owed tax is fully paid by 31...

Penalties for late filing of company accounts

by admin | Sep 5, 2024 | Corporate Governance & Regulation

There are late filing penalties which are designed to encourage companies to file their accounts and reports on time. All companies, private and public, large or small, trading or non-trading must send their accounts to Companies House. A penalty is automatically...

Could an interest rate reduction reduce government expenditure?

by admin | Sep 3, 2024 | General

A 1% reduction in the Bank Rate would reduce the UK government's annual interest charges on the national debt, but the exact amount of the reduction depends on the proportion of the debt that is sensitive to changes in short-term interest rates. According to the...

What is the new National Wealth Fund

by admin | Sep 3, 2024 | Business Support

The UK's new National Wealth Fund (NWF) represents a significant shift in the government's approach to fostering economic growth and addressing climate change. Established by the Labour government, the NWF is designed to catalyse private investment in key...

CGT Gift Hold-Over Relief

by admin | Aug 29, 2024 | Capital Gains Tax

Gift Hold-Over Relief is a tax relief that defers the payment of Capital Gains Tax (CGT). It can be claimed when assets, including certain shares, are gifted or sold below their market value to benefit the buyer. This relief allows any gain on the asset to be...