Date posted: 1st May 2024
To be allowable as a tax deduction whether under the corporation tax or income tax rules, most expenses must be incurred ‘wholly and exclusively for the purposes of…
Date posted: 1st May 2024
Employers who have provided benefits-in-kind to employees, such as company cars, medical insurance, gym memberships or low interest/interest free loans to employees, in the tax year to 5…
Date posted: 1st May 2024
For many years now, child benefit has been repayable to HMRC, if one person in a household receiving child benefit, earns over £50,000. Once that person earned over…
Date posted: 11th Apr 2024
Please note, the filing deadline is 30th April 2024 Annual Tax on Enveloped Dwellings (“ATED”) has a mandatory filing requirement even if no ATED charge arises due to…
Date posted: 10th Apr 2024
If you still have not completed your 2022/23 Tax Return, then you need to be prepared for daily £10 penalties to apply for each day that the Tax…
Date posted: 26th Mar 2024
We now head into another new tax year (from 6 April 2024) and financial year (from 1 April 2024). With a new year, brings new changes to tax…
Date posted: 26th Mar 2024
It was announced at the 2024 Budget that owners of furnished holiday lets (FHL’s) are likely to pay more taxes going forward. The rules for owners of FHL’s…
Date posted: 25th Mar 2024
By Tax Partner, Lee Watson As Easter approaches, a famous chocolate company used to ask “how do you eat yours?”, in reference to their chocolate…
Date posted: 25th Mar 2024
As we have mentioned in previous updates, we are anticipating that significantly more companies will be required to pay quarterly instalments of tax, due to the re-introduction of…
Date posted: 25th Mar 2024
IMPORTANT – Research and development – is now the time to notify HMRC?
