Employment Allowance
If you’re an employer, you are likely to have received a letter from David Cameron telling you about the £2,000 allowance available to employers from 6th April 2014 for the 2014/15 tax year that can be offset against Employer’s National Insurance. This allowance is also available for 2015/16 as well and has been introduced to support employers with their employment costs which in turn leads to promoting growth in the economy. Happy Days.
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Submitting Your Tax Return On-line
Completing your Self-Assessment Tax Return online requires the same information and financial information as if you were submitting via paper.
The key advantages to submitting on-line (as opposed to via paper) is that you have an additional 3 months to make the submission (31st January as opposed to 31st October), you only need to complete the sections that are relevant for you and submitting online means that the calculations are done for you, automatically.
The online submission will lead you through the process beginning with a welcome which gives a helpful reminder of the paperwork that you may need before your start. You then complete a section about you (name, address, Ni number etc) followed by a section called “Tailor your return” which is a simple series of questions with a yes or no answer which will ensure that you then only complete the sections of the full tax return which are relevant to you.
