May. 17, 2024
News
September 28, 2022
R&D tax relief reforms on the cards
Categories:
New reforms will affect companies claiming tax relief or credits on research and development (R&D) expenditure for accounting periods beginning on or after 1 April 2023. Currently, R&D tax relief
Read More
September 21, 2022
HMRC top-up payments for lower-paid employee pensions
Categories:
Employees who contribute to an occupational pension scheme under a net pay arrangement do not currently benefit from any tax relief if their earnings are below the personal allowance. This
Read More
September 14, 2022
Setting new taxpayer records
Categories:
New data from HMRC reveals there are now over six million people paying higher or additional rate tax in the UK. Source: HMRC. In recent years, the end of June
Read More
September 7, 2022
Off-payroll working rules mistakes now penalised
Categories:
The private sector off-payroll working rules have been in place since April 2021, but for the first 12 months businesses have benefitted from HMRC’s relaxed stance on penalties.
Read More
August 31, 2022
Company insolvencies on an upward trend
Categories:
Although showing a slight improvement from March, the number of company insolvencies in April of this year was more than double the number from April 2021.
Read More
August 24, 2022
HMRC withdraws the P11D PDF alternative
Categories:
HMRC withdraws the P11D PDF that businesses have been using to submit up to 150 P11Ds.
Read More
August 17, 2022
60 percent income tax reappears
Categories:
The high marginal tax rates created by phasing out the personal allowance are back in the news. 60 percent income tax reappears
Read More
August 10, 2022
Planes, trains and automobiles – managing employees transport challenges
Categories:
With strikes and cancellations affecting trains, the underground and flights, employers need to decide how to help with managing employees transport challenges.
Read More
July 27, 2022
Tax implications of no fault divorce
Categories:
No fault divorce became a reality in April. Although it brought no associated changes to the tax rules, divorcing couples should now be in a better position to focus on financial issues.
Read More
July 20, 2022
Are you on top of the latest developments in Making Tax Digital?
Categories:
Staying on top of the latest developments in Making Tax Digital is important for all businesses.
Read More
July 13, 2022
Charitable giving pitfalls
Categories:
Many individuals donate to charity simply for altruistic reasons, but this doesn’t mean the tax benefit should be ignored. Donors need to watch out for any charitable giving pitfalls
Read More
July 12, 2022
Defining ‘period of ownership’ on disposal of a private residence
Categories:
The disposal of a private residence is exempt from capital gains tax (CGT) if used as a main residence throughout the period of ownership.
Read More