Spring 2025, Budget Action Pack Impact on Employer Increase in Employers NIC to 15% from April 2025 Reduction of Employers lower limit from £9,100 to £5,000 per employee from April 2025. Employers Allowance increases from £5,000 to £10,500. Actions to consider Pay bonuses prior to April 2025 Consider salary sacrifice Pay some 2025/26 salary prior […]
Are you about to sell a UK residential property? Are you ready to complete the new Property Tax Return? Have you gathered information to calculate the possible tax on sale? Have you set up an online Capital Gains Tax on UK property account with HM Revenue & Customs? Given the 60-day deadline for submitting the […]
First Budget post the General Election V2 Updated The newly formed Labour Government has committed to including a forecast from the Office of Budget Responsibility (OBR) within their first Budget which therefore requires a 10 week notice period to be put together. On that basis the earliest date on which the Budget could take place […]
First Budget post the General Election The newly formed Labour Government has committed to including a forecast from the Office of Budget Responsibility (OBR) within their first Budget which therefore requires a 10 week notice period to be put together. On that basis the earliest date on which the Budget could take place is mid- […]
Changes are being brought in over the next few years to combat fraud, money, laundering, identify theft and other economic crime. The general impact is for Companies House to become a “more active gatekeeper”, rather than the “passive recipient of information”. PLEASE CLICK HERE TO SEE NEW CHANGES
What is the present income tax position regarding an employee provided with a DCP? • Assuming the DCP’s original construction has not been altered and the payload is 1 tonne or more, there is a fixed van benefit charge of £3,960 and a fixed van fuel charge of £757. What is HMRC now stating? • […]
Who does this affect? Unincorporated businesses (sole-traders, partnerships, and limited liability partnerships) whose accounts year does not end between 31st March and 5th What is the present position? For a particular tax year, you are normally taxed on the net profit per the accounts which end in that tax year. Example of the […]
Your guide to the 2023 Spring BudgetHow will the changes affect you? Introduction The Chancellor, Jeremy Hunt, has delivered another UK Budget, in the midst of a significant cost of living crises and the war in the Ukraine seeing no sign of reachinga conclusion. Here are some of the main Budgetannouncements in relation to taxation. […]
9th April Till Disclosure Deadline HMRC have in their possession detailed data identifying names and businesses that are suspected of using an Electronic Sales Suppression system (ESS) to manipulate records of their takings negligently/fraudulently. The Revenue are giving those businesses until 9th April 2023 to make a voluntary disclosure by using the link below, which […]
The director of a haulage company who fraudulently applied for a £50,000 Bounce Back Loan and then applied to dissolve the company has been jailed for 12 months. Kulwinder Singh Sidhu, 58, from Stanwell, has been sentenced to 12 months’ imprisonment, after pleading guilty to offences under the Companies Act and the Fraud Act, having abused the Bounce […]
