Overview Recent reports suggest that the Chancellor,   Rachel Reeves , is considering a significant change to the National Insurance Contributions (NICs) regime — one that could have major implications for members of   Limited Liability Partnerships (LLPs) . While these reports remain unconfirmed, the level of detail contained in the leaks suggests that the Treasury is seriously examining proposals to   bring LLP members more closely in line with employees   in terms of NIC t

HMRC has introduced new mandatory reporting obligations that will affect both company directors  and self-employed taxpayers when...

With the next Budget approaching, speculation is growing that the Government may make further changes to the taxation of dividend income....

With the 2025 Budget landing on Wednesday 26 November, speculation is ramping up over possible tax rises. With borrowing costs at a...

With the 2025 Budget scheduled for Wednesday, 26 November, there are plenty of rumours about potential tax increases.   With UK borrowing...

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...

HMRC have issued recent guidance on changes to claiming subcontractor Construction Industry Scheme (CIS) deductions as part of their...

Businesses should take steps to prepare for Making Tax Digital ("MTD") for VAT before it becomes mandatory for all VAT-registered...

Limited company expenses are allowable expenses that your business can claim, helping you reduce your corporation tax bill. You subtract...

The Treasury has dismissed recommendations from the Office of Tax Simplification (OTS) to allowing capital gains tax with income tax,...

The government has published the proposed statutory rates for maternity pay, paternity pay, shared parental pay, adoption pay, parental...

The Government is calling for evidence on income tax self-assessment (ITSA) registration to find out whether bringing forward the point...

The Government has decided not to take on recommendations made by the Office of Tax Simplification (OTS) for inheritance tax. The OTS Has...

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...

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...

If you're looking at mileage allowances for business use of employees own vehicles, and reviewing or planning your finances, please feel...

Last month, it was announced that next April (1 April 2022) the National Living Wage and the National Minimum Wage are set to increase....

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....

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...

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....