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Aug 11, 2023
HMRC Interest Rates
HMRC has revised interest rates for late payments following the Bank of England's interest rate rise to 5.25%. The Bank's Monetary Policy...
Jan 19, 2022
Changes to claiming Subcontractor Construction Industry (CIS) deductions
HMRC have issued recent guidance on changes to claiming subcontractor Construction Industry Scheme (CIS) deductions as part of their...
Jan 13, 2022
HMRC reminds businesses to prepare for MTD for VAT
Businesses should take steps to prepare for Making Tax Digital ("MTD") for VAT before it becomes mandatory for all VAT-registered...
Jan 5, 2022
What limited company expenses can I claim?
Limited company expenses are allowable expenses that your business can claim, helping you reduce your corporation tax bill. You subtract...
Dec 23, 2021
Treasury to maintain existing capital gains tax rates
The Treasury has dismissed recommendations from the Office of Tax Simplification (OTS) to allowing capital gains tax with income tax,...
Dec 21, 2021
April 2022 Statutory Maternity, Paternity and Sick Pay rates published
The government has published the proposed statutory rates for maternity pay, paternity pay, shared parental pay, adoption pay, parental...
Dec 14, 2021
Reforming registration for individuals with income from self-employment of property
The Government is calling for evidence on income tax self-assessment (ITSA) registration to find out whether bringing forward the point...
Dec 11, 2021
Treasury rules out IHT reform recommendations
The Government has decided not to take on recommendations made by the Office of Tax Simplification (OTS) for inheritance tax. The OTS Has...
Dec 8, 2021
The Christmas party tax exemption for employers
As we head into another festive season, many employers are now, more than ever, looking to bring a little bit of cheer to their employees...
Dec 6, 2021
Government confirms state pension rate for 2022 to 2023
The Department for Work and Pensions (DWP) has confirmed that the state pension will rise by 3.1% next April, in line with the consumer...
Dec 2, 2021
Mileage and Fuel Allowance
If you're looking at mileage allowances for business use of employees own vehicles, and reviewing or planning your finances, please feel...
Nov 29, 2021
The rising wages impact on small business
Last month, it was announced that next April (1 April 2022) the National Living Wage and the National Minimum Wage are set to increase....
Nov 26, 2021
Will the pensions triple lock be scrapped for good?
Proposals made in the House of Lords to retain the state pension triple lock were rejected by the House of Commons on 15 November 2021....
Nov 25, 2021
MTD for VAT from April 2022
HMRC has started to write to VAT registered businesses with turnover below £85,000 to alert them to the need to comply with MTD for VAT...
Nov 23, 2021
Bank of England warns about inflation
Interest rates in the UK have been at a record low of nought 0.1% since March 2020, a figure which helps house buyers but hinders savers....
Nov 19, 2021
Student loan repayment guidance for employers
HMRC has updated its guidance for employers on what deductions to make for employees who have more than one student loan plan. If your...
Nov 16, 2021
Pension age protection window closed
Changes to the normal minimum pension age (NMPA) are set to come into effect from 2028. The Treasury has closed the opportunity for...
Nov 12, 2021
Payroll RTI Reporting: Exception to the rules
HMRC have issued a reminder to employers that in respect of PAYE Real Time Information (RTI) filing, the contractual payment date should...
Nov 9, 2021
HMRC publishes new guidance for businesses using temporary workers
Many businesses use recruitment agencies to source temporary workers. These agencies may choose to outsource the administrative burdens...
Nov 6, 2021
Company Car Tax and Legislation
The Government announced a raft of tax and spending proposals in Budget 2021, but announcements for the fleet and leasing industry within...
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