Self-Assessment Filing & Late Payment Penalty Extension

HMRC have announced that tax payers will not receive an automatic late filing penalty providing their tax return is filed by 28 February 2022.

In addition HMRC also announced that whilst the tax payment deadline remains 31 January 2022, taxpayers will not be charged a 5% late payment surcharge provided their tax is either paid in full, or they make a Time to Pay arrangement, by 1 April 2022.

However Interest will still be charged at 2.75% on any payments not made by 31st January 2022.


Happy New Year to All Our Clients

Please Note - Our offices will close on Tuesday 21st December 2021 and re-open on Tuesday 4th of January 2022. 

For any urgent matters Colin Dalton or Richard Ratcliffe can be contacted on the following emails; This email address is being protected from spambots. You need JavaScript enabled to view it.. This email address is being protected from spambots. You need JavaScript enabled to view it.

Wishing you all a Merry Christmas and a Happy New Year!!


We are pleased to welcome Natalie Jones to the team here at Dalton Pardoe

Natalie has been with us for the past month and has settled in perfectly. Natalie's appointment strengthens the accounts and payroll department due to her accounting software experience as well as having gained her AAT level 2 and Level 3 qualifications.


Thank You Ravens Rescue UK, always happy to do our bit.


Have you recently sold a rental property?

If you sold property in the UK on or after 6 April 2020 you must report and pay this within:

60 days of selling the property if after 27 October 2021
30 days of selling the property if between 6 April 2020 and 26 October 2021

You may have to pay interest and a penalty if you do not report and pay on time.

We are seeing an increased number of individuals not aware of the new rules and incurring fines through late submission.

 


It's Beginning to Look a Lot Like Christmas

22 Sleeps to Go

It's beginning to look a lot like Christmas!... at Dalton Pardoe

Merry Christmas🌲

 

UK parents missing out on ‘tax-free childcare’ scheme.

If you get Tax-Free Childcare, for every £8 you pay into the online account, the government will pay in £2 to use to pay your provider.

You can get up to £500 every 3 months (up to £2,000 a year) for each of your children & this goes up to £1,000 every 3 months if a child is disabled.

You can get Tax-Free Childcare at the same time as 30 hours free childcare if you’re eligible for both.


HMRC warns customers about Self Assessment Tricksters

Have you had a phone call stating there is a warrant out for your arrest?

This is just one of 800,000 tax related scams reported this year alone.

Stay vigilant and always ask if you're unsure.

Click here to learn more.


 

Dalton Pardoe is proud to sponsor Wombourne Allstars Wolves Under 9's who are doing brilliantly so far this season.
Keep up the hard work!


Autumn Budget 2021: Key points at-a-glance

  • The minimum wage will increase to to £9.50 an hour next year, up from the current £8.91
  • £1m annual investment allowance will not end in December as planned. It will be extended to March 2023
  • Bank surcharge within corporation tax will be retained at 3% and overall corporate tax rate on banks will increase from 27% to 28% in 2023 -New 50% business rates discount for businesses in the retail, hospitality and leisure sectors, including pubs, music venues, cinemas, restaurants, hotels, theatres, and gyms
  • Reform of tax relief for research and development investment -Universal Credit is reduced by 63p so for every extra £1 someone earns. Mr Sunak announced plans to cut this by 8 percentage points (from 63% to 55%). This will come into effect "within weeks"
  • A “draught relief” will apply a lower rate of duty on draught beer and cider, cutting the tax by 5% on drinks served from draught containers over 40 litres and bringing the price of a pint down by 3p
  • A planned rise in fuel duty will be cancelled because of pump prices being at their highest level in eight years.