News

Yorkshire Shadow MPC – May 2024

Yorkshire Shadow MPC – May 2024

Date posted: 8th May 2024

The MPC is a partnership between Clive Owen LLP and The York Press, which considers the region’s economy and invites business figures to argue their case for a shift, or hold, in the rate.

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Will the change in the R&D regime impact the timing of paying tax?

Will the change in the R&D regime impact the timing of paying tax?

Date posted: 3rd May 2024

As we have stated previously, a lot more companies will have fallen into the quarterly instalments (QIPs) regime, since 1 April 2023. Following another change from 1 April…

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Higher rate pension relief – important reminder

Higher rate pension relief – important reminder

Date posted: 3rd May 2024

In simple terms, you may be missing out on tax relief by not realising that you need to claim a higher amount of pension tax relief, if you…

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Making use of your inheritance tax allowances

Making use of your inheritance tax allowances

Date posted: 3rd May 2024

It is often said that inheritance tax (IHT) is a voluntary tax, and one that can be avoided if you give away sufficient assets at least seven years…

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State pension – is your national insurance record up to date?

State pension – is your national insurance record up to date?

Date posted: 2nd May 2024

Paying National Insurance contributions allows individuals to earn qualifying years, which in turn provides them with entitlement to the state pension and certain contributory benefits. Entitlement may also…

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Multiple dwellings relief – the end is nigh

Multiple dwellings relief – the end is nigh

Date posted: 2nd May 2024

As announced at the time of the Spring Budget, multiple dwellings relief for stamp duty land tax (SDLT) is to be abolished from 1 June 2024. The relief…

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Advertising or promotion versus entertainment or hospitality – which gives a tax deduction?

Advertising or promotion versus entertainment or hospitality – which gives a tax deduction?

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…

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Employer compliance – don’t miss filing deadlines for provisions of benefits-in-kind and shares

Employer compliance – don’t miss filing deadlines for provisions of benefits-in-kind and shares

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…

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Child benefit – is it time to reclaim?

Child benefit – is it time to reclaim?

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…

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Companies owning residential property – reporting deadline approaches, do you need to take action?

Companies owning residential property – reporting deadline approaches, do you need to take action?

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…

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