Cars and Benefits in Kind
If you have personal use of a Limited company car you should declare the benefit in kind received to HMRC.
April 2019 New Tax Allowances
From April 2019 the individual tax free personal allowance will be rising to £12,500 with the basic rate of tax allowance rising to £37,500.
Making Tax Digital for VAT, April 2019
From April 2019 you can no longer use the HMRC portal to file your VAT return and it must be filed through approved HMRC software.
Self assessment – paying your tax
Remember to pay your personal self assessment tax by the 31st January 2019.
National insurance types
National Insurance (NI) types. If you are PAYE you pay Class 1 NI at 12% of earnings between £168-£892 per week.
Pension contribution increases
Auto enrolment Pensions. Please note that from April 2019 auto enrolment pension contributions will be increasing again.