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01/05/2016

May Tax Tips & News

Welcome to the Khanna & Co Limited Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

New credit card payment fees take effect

Clients may be interested to know that HMRC have introduced a new schedule of fees, which apply from 1 April 2016, and replace the former 1.5% fee. The new rates vary depending on the type of card used and whether the card is a personal or corporate card. Read More...

HMRC consultation on fulfilment house due diligence

Further to the Budget 2016 announcement, HMRC have published a consultation document covering proposals to introduce a fulfilment house due diligence scheme. Read More...

New student loan plans take effect

Repayment of student loans is a shared responsibility between the Student Loans Company (SLC) and HMRC. Employers have an obligation to deduct student loan repayments in certain circumstances and to account for such payments Read More...

Companies to be liable for employees who facilitate tax cheating

The Government has recently announced that it is to bring forward plans to introduce a criminal offence for corporations who fail to stop their staff facilitating tax evasion. Read More...

May Questions and Answers

Q1. How do I work out my share of a capital gain? I owned a quarter share in a property that was sold in 2015. Read More...

May Key Tax Dates

2 - Last day for car change notifications in the quarter to 5 April - Use P46 Car Read More...

About Us

Khanna & Co Limited Accountants are based in Birmingham, offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website khanna.co.uk for more information.

6 Vicarage Road Edgbaston Birmingham West Midlands B15 3ES

Khanna & Co Limited is a trading name of Khanna & company Limited