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September 28, 2022

R&D tax relief reforms on the cards


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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

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September 21, 2022

HMRC top-up payments for lower-paid employee pensions


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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

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taxpayer records
September 14, 2022

Setting new taxpayer records


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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

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Off-payroll working rules
September 7, 2022

Off-payroll working rules mistakes now penalised


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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.

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Company insolvencies
August 31, 2022

Company insolvencies on an upward trend


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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.

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HMRC withdraws the P11D PDF
August 24, 2022

HMRC withdraws the P11D PDF alternative


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HMRC withdraws the P11D PDF that businesses have been using to submit up to 150 P11Ds.

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60 percent income tax reappears
August 17, 2022

60 percent income tax reappears


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The high marginal tax rates created by phasing out the personal allowance are back in the news. 60 percent income tax reappears

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managing employees transport challenges
August 10, 2022

Planes, trains and automobiles – managing employees transport challenges


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With strikes and cancellations affecting trains, the underground and flights, employers need to decide how to help with managing employees transport challenges.

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Tax implications of no fault divorce
July 27, 2022

Tax implications of no fault divorce


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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.

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latest developments in Making Tax Digital
July 20, 2022

Are you on top of the latest developments in Making Tax Digital?


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Staying on top of the latest developments in Making Tax Digital is important for all businesses.

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charitable giving pitfalls
July 13, 2022

Charitable giving pitfalls


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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

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disposal of a private residence
July 12, 2022

Defining ‘period of ownership’ on disposal of a private residence


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The disposal of a private residence is exempt from capital gains tax (CGT) if used as a main residence throughout the period of ownership.

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