Mandatory payrolling of benefits – it is just over a year away!
Date posted: 9th Dec 2024
As we near the end of 2024, the end of the 2024/25 tax year will be just around the corner.
Date posted: 9th Dec 2024
As we near the end of 2024, the end of the 2024/25 tax year will be just around the corner.
Date posted: 9th Dec 2024
Employers looking to spread some seasonal goodwill can do so in a tax-efficient manner by taking advantage of the exemptions for annual parties and functions and trivial benefits.
Date posted: 22nd Nov 2024
Back in February 2024, you may recall updates from us confirming that HMRC were going to treat double cab pick ups (DCPUs) as company cars, instead of commercial vehicles and therefore following the van benefit rules.
Date posted: 22nd Nov 2024
Landlords with furnished holiday lettings (FHLs) currently enjoy favourable tax advantages compared to those letting residential property on longer term lets.
Date posted: 21st Nov 2024
There are various reasons why a person may not have told HMRC about the tax that they owe, ranging from a simple oversight to the deliberate evasion of tax.
Date posted: 21st Nov 2024
There are circumstances in which it may be desirable to sell some or all of a garden or the land attached to a residence separately from the residence itself.
Where this is on the cards, it is essential to plan ahead to prevent an unwanted tax liability arising accidentally. Here, it is vital that the separate sales are conducted in the correct order to preserve private residence relief.
Date posted: 21st Nov 2024
A director may withdraw money from the company for personal use or may lend money to the company. The company may pay some of the director’s personal bills, and the director may personally meet some company expenses. The director’s loan account is simply an account for recording the transactions between the director and the company in much the same way as a bank account.
Date posted: 21st Nov 2024
Where a person reaches state pension age on or after 6 April 2016, they need 35 qualifying years for a full state pension. If they have less than 35 qualifying years but at least 10, they will receive a reduced state pension.
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.
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…
