May. 17, 2024
Personal Tax
November 16, 2022
First time buyers: time to act?
Categories:
The increased stamp duty relief for first time buyers has not been reversed by the new Chancellor, but it may not survive beyond the tax year. One of the few
Read More
November 9, 2022
Dividends vs remuneration: the corporation tax quandary
Categories:
For owner-managed companies, bonuses, dividends and remuneration will become yet more complex in the new tax year. With the corporation tax increase and dividend rates now confirmed by the Government,
Read More
October 26, 2022
Six-fold increase on late payment interest rates
Categories:
HMRC late payment interest rates have now been raised six times during 2022 – from 2.6% at the start of the year to a current rate of 4.25%. However, at
Read More
October 25, 2022
Update to Direct Debits for PAYE
Categories:
HMRC have recently published in their August Employer Bulletin that direct debits for PAYE can now be set up to link to your RTI submissions, CIS, P11ds and amended prior
Read More
October 19, 2022
Getting in touch: HMRC’s new email facility
Categories:
Although there is no general facility to contact HMRC by email, it is slowly moving into the 21st century by providing the option to receive an email response. But of
Read More
October 12, 2022
Confused on claiming residence band relief?
Categories:
Working through inheritance tax (IHT) requirements come at a difficult time. The provisions of the residence nil rate band (RNRB), which can be passed on between deceased spouses and civil
Read More
October 5, 2022
Inheritance tax receipts double in a decade
Categories:
New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13. Source: HMRC. Of all the various taxes levied in the UK, IHT is one of
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
September 5, 2022
Employment contracts, induction & training
Categories:
For anyone starting a new role in your company, first impressions matter. Last month we wrote a blog about recruitment in this competitive market. This month, we are focusing on
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