Time to Report Your Foreign Income
Self-assessment tax return deadline is approaching. Have you considered declaring the often-overlooked income? If you reside in the UK but have income from abroad, you must pay UK income tax on it. How do you determine residency and which foreign income needs...
Tax Return Season for Landlords
With another tax return season approaching, it's crucial to get informed and take action promptly. If you earn rental income in the UK, you are obligated to pay income tax as per regulations. Similar to self-assessment tax returns, the final deadline is January 31,...
Autumn Statement 2023
On this Wednesday, the Chancellor in the UK delivered the Autumn Statement and provided forecasts on the current economic situation. In this statement, apart from detailing the economic conditions, significant changes in taxation and expenditure were announced. Among...
Extension of the German VAT Registration
If you have recently applied for or are planning to apply for German Value Added Tax (VAT) registration, please take note of the following important notice. Regarding potential delays in the recent registration for German VAT.German VAT The German VAT system was...
Weekly News – J&P Accountants
Weekly News (8th-15th Nov) Millions of families will gradually receive a £900 living allowance. Wage growth surpasses inflation, but the job market may weaken. Welsh council tax undergoes its first reassessment in 20 years. UK banks implicated in Europe's largest tax...
Weekly News – J&P Accountants
Weekly News: The Bank of England Keeps Interest Rates Unchanged National Housing Prices Slowly Rise, Down 3.3% Year-on-Year Compared to Last October With Christmas Approaching, Anticipated Reduced Spending to Alleviate Financial Pressure Continuing Controversy...
VAT Registration in Germany – Apply Now
German Value Added Tax (VAT) is a significant tax system that exerts a broad impact on businesses and consumers operating in Germany. As an accounting firm, we are well aware that businesses planning to operate or invest in Germany must understand and comply with this...
Real Living Wage Soars Again!
Recently, the UK's Real Living Wage experienced another boost, reaching as high as £13.15 per hour in the London area. Meanwhile, outside of London, the hourly rate has reached £12. This change is expected to benefit nearly 500,000 employees across over 10,000...
VAT Registration in France
If you're running a business and planning to expand into France, you'll want to pay attention to tax matters. On one hand, you'll need to consider Value Added Tax (VAT) to ensure compliance with French tax regulations. On the other hand, France is gearing up for a...
Self Assessment deadline: 100 days left
The next deadline for submitting your Self Assessment tax return is on January 31, 2024, and there are only 100 days left. If you've filled out a return before, you only need to do so online before the deadline. If you believe you no longer need to file, you must...