Tax News

North East tax expert looks ahead to Budget

North East tax expert looks ahead to Budget

Date posted: 21st Oct 2024

In anticipation of the Labour party’s first budget statement in nearly 15 years, there is widespread speculation regarding how the new Chancellor plans to balance the books amidst claims of an inherited financial shortfall.

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Claiming refunds of overpaid PAYE

Claiming refunds of overpaid PAYE

Date posted: 18th Sep 2024

If it works correctly, the tax that is collected under PAYE will exactly match the tax that is due for the year. However, in practice, this balance may…

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Cats and dogs – will it rain tax for HMRC?

Cats and dogs – will it rain tax for HMRC?

Date posted: 18th Sep 2024

It seems HMRC have noticed breeders selling puppies and kittens on the internet and are focusing on “nudging” breeders to ask them to come forward in relation to…

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Loss making companies – can a dividend be paid?

Loss making companies – can a dividend be paid?

Date posted: 18th Sep 2024

Anyone who invests in a company is taking a chance, hoping that the directors, as representatives of the company, will use the money to increase the company’s profit….

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URGENT – R&D tax relief – is a deadline approaching?

URGENT – R&D tax relief – is a deadline approaching?

Date posted: 18th Sep 2024

Whilst HMRC continue to tighten up on R&D, companies should not be deterred from making a valid claim for R&D relief. However, one of the key changes introduced,…

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Putting your company into liquidation – don’t forget about the TAAR

Putting your company into liquidation – don’t forget about the TAAR

Date posted: 18th Sep 2024

The budget day is approaching which means that our professional contacts in the insolvency industry are usually inundated with enquiries about placing companies into member’s voluntary liquidation (MVL)….

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The Budget is coming – time to prepare?

The Budget is coming – time to prepare?

Date posted: 12th Aug 2024

The date for the first new government Budget has been set – 30 October 2024. We will of course be digesting the changes and feeding this back to…

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Let properties – capital or revenue expenses – what does it mean?

Let properties – capital or revenue expenses – what does it mean?

Date posted: 12th Aug 2024

As a landlord, periodically you will need to undertake work on your property. This may simply involve fixing a leaky tap or redecorating, or the work may be…

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Deadline incoming – check your national insurance record is up-to date

Deadline incoming – check your national insurance record is up-to date

Date posted: 12th Aug 2024

Ensuring that your national insurance record is up-to date is extremely important in the coming months, particularly with the window to top up your national insurance contributions, closing…

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£30k redundancy – it is tax free, isn’t it?

£30k redundancy – it is tax free, isn’t it?

Date posted: 12th Aug 2024

Being made redundant is an unsettling time, without the extra stress of considering whether the taxman wants to take a slice of your settlement. The starting point is…

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