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An important part of our job is to keep up to date with the latest legislation, to report on Budgets and any other developments which might affect you and your business.
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Save on Easter child-care costs
HM Revenue and Customs (HMRC) issued a press release recently reminding working families to save money on their childcare costs in time for the school
Companies House introduces changes
As we have mentioned in previous posts, Companies House have been tasked with introducing a number of changes introduced by the Economic Crime and Corporate
Impact of the Spring Budget 2024
We all knew that the Chancellor would have restricted options when considering the contents of his recent spring budget announcement on 6 March. But it
Tax Diary March/April 2024
1 March 2024 – Due date for Corporation Tax due for the year ended 31 May 2023. 2 March 2024 – Self-Assessment tax for 2022-23
File early to have self-assessment tax coded out
The coding out threshold may entitle you to have tax underpayments collected via your tax code when you are in employment or in receipt of
Reporting employee changes to HMRC
There are rules that businesses must follow when they are reporting employee changes. These changes must be sent to HMRC using a Full Payment Submission
Eligibility for the VAT Flat Rate Scheme
The VAT Flat Rate scheme is open to VAT registered businesses that expect their taxable turnover in the next 12 months to be no more
Beware fake tax rebate offers
HMRC continues to warn of the ever-present problem of fraudulent phishing emails, suspicious phone calls and texts. These unwanted emails, phone calls and texts are
Budget summary 6 March 2024
As expected, the Chancellor has found wriggle room in his fiscal rules that have allowed him to please his fellow Conservatives by reducing the impact
New measures to trim energy bills
Government has announced a new package of measures to help families save on energy costs and access cheaper deals as figures published recently show energy
Are you missing out on the Marriage Allowance?
According to HMRC, couples who are married or in civil partnerships could be due a financial boost by sharing unused tax allowances. HMRC has revealed
Government backtracks on Double Cabs Pickups
This update is only with reference to DCPUs with a payload of one tonne or more. DCPUs with a payload of less than one tonne
Skills Bootcamps
Skills Bootcamps help you develop new skills that employers are looking for. They are a great opportunity to train in a new industry or progress
Self-Assessment tax returns 2023-24
We have just passed the filing deadline for the 2022-23 tax year, and any 2022-23 returns filed after 31 January 2024 will be subject to
Timing in business is everything
In a previous blog post we outlined the importance of reviewing your income before the end of the current tax year. The message was a
Support for thousands of pubs
More than 38,000 pubs will benefit from the six-month freeze on alcohol duty from 1 February 2024. According to HM Treasury: The great British pub
Keep an eye on your income for 2023-24
As you are probably aware the 2023-24 tax year ends on 5 April 2024. After this date, most of the opportunities to arrange your tax
Powers of Attorney Act receives Royal Assent
Reforms to simplify and streamline lasting powers of attorney are given Royal Assent. These legal agreements enable a person to grant decision making powers about
State Pension entitlement if you retire abroad
You can claim State Pension abroad if you have paid enough UK National Insurance contributions to qualify. To make a claim you must be within
Tax Diary February/March 2024
1 February 2024 – Due date for Corporation Tax payable for the year ended 30 April 2023. 19 February 2024 – PAYE and NIC deductions
Do you need to register for self-assessment?
There are a number of reasons why you might need to complete a self-assessment return. This includes if you are self-employed, a company director, have
Year end payroll reporting
It is not that long until the current 2023-24 tax year comes to an end and there are a number of year end payroll chores
National Insurance and tax after State Pension Age
If you have reached the State Pension age and continue to work, in most cases, you no longer need to pay National Insurance Contributions (NICs).
Spring Budget 2024
The Chancellor of the Exchequer, Jeremy Hunt has confirmed that the next UK Budget will take place on Wednesday, 6 March 2024. This will be
Digital labelling of imports
Businesses are set to benefit from savings as import labels are made digital for the first time. New legislation to introduce digital labelling for British
Update on Companies House changes
Looks like Companies House is morphing from passive registrar into a monitoring agency for the government. Changes that are likely to impact the business community
Red Sea disruption to supply chains
The Department for Business and Trade (DTI) has launched the Critical Imports and Supply Chains Strategy to safeguard the UK supplies of critical goods such
Spread the cost of tax payments
None of us has been exempt from the effects of inflation and cost of living issues in the past year. Which is why taxpayers who
Tax reminder for crypto asset users
With use of crypto assets growing, HM Revenue and Customs (HMRC) is urging people to avoid potential penalties and check if they need to complete
More news on the Horizon saga
Since the recent ITV airing of the Post Office sub-postmasters confrontation with the Horizon accounting software, a flurry of support for the affected individuals have
Beware rogue business rates agents
The Valuation Office Agency (VOA) is warning business owners to avoid taking advice from agents who approach them to reduce their business rates bills. According
Selling online? Are you declaring the income?
Many of us use online trading platforms to sell unwanted goods or perhaps offer space in our home for rental. If you are creating income
New workers rights and benefits
The government has set out the next stages for a number of new Workers' Rights Acts to support UK workers. In a recent press release
Tax Diary January/February 2024
1 January 2024 – Due date for Corporation Tax due for the year ended 31 March 2023. 19 January 2024 – PAYE and NIC deductions
Help to Save scheme
The Help to Save scheme is intended to help those on low incomes to boost their savings. Eligible users of the scheme can save between
Tax exempt accommodation costs
There are special rules for the provision of living accommodation for employees. In most cases, employees will pay tax on any living accommodation provided by
Help to pay your tax next month
If you are having trouble paying your tax on time you may be eligible to receive support from HMRC by applying for an instalment payment
Obtaining the HMRC mobile app
HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The latest version
Why we all need to invest in tax planning
HM Revenue & Customs (HMRC have one clear objective, to recover past government expenditure and then recycle the cash collected to repay government borrowing and
More delays contacting HMRC?
HMRC have announced that they will be focussing the use of its Self-Assessment helpline on priority queries from 11 December 2023 to 31 January 2024.
Do you have a problem we could help you solve?
From time to time, we may spot issues when preparing accounts or tax returns that indicate problems that we subsequently help you solve. But the
Called HMRC recently?
Call queues are becoming a unwelcome feature of communicating with HMRC. In a recent post on the GOV.UK newsfeed a new strategy is emerging. As
A reminder of imminent changes at Companies House
The Economic Crime and Corporate Transparency Bill (ECCT) achieved royal assent recently, and as we have reported previously, this will have an impact on the
Pubs to open longer if UK nations reach Euros semis
In a potentially welcome announced for the hospitality industry in England and Wales, the government has set out plans to extend licensing hours for the
Winter support for pensioners
Pensioners across the country have started to receive up to £600 to help with energy bills this winter. Winter Fuel Payments – boosted again this
Tax Diary December 2023/ January 2024
1 December 2023 – Due date for Corporation Tax payable for the year ended 28 February 2023. 19 December 2023 – PAYE and NIC deductions
Current State Pension age
The second review of the State Pension age has been published by the Department for Work and Pensions. The State Pension age is currently 66.
Due a student loan refund?
Student Loans are part of the government's financial support package for students in higher education in the UK. They are available to help students meet