Background Taxpayers registered under Self Assessment will need to make their second payment on account for the 2024/25 tax year by the deadline of 31 July 2025. HM Revenue & Customs (HMRC) generally issue Self Assessment statements as ...
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Background Where a loan is provided to a director or an employee by their company, interest free or below the official rate of interest, then a Benefit In Kind (BIK) can arise on loans above £10,000. ...
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Background Class 2 national insurance contributions (NIC) are payable by sole traders and partners in a partnership as part of their self-assessment tax return submission and help build entitlement to certain benefits and the state pension. For ...
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