Tax News

Help us to help you….

Help us to help you….

Date posted: 19th May 2025

You may have recently received our tax return checklist letter requesting details of what we need to complete your 2024/25 tax return.  Although the deadline isn’t until January,…

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Employer’s national insurance – options for business owners

Employer’s national insurance – options for business owners

Date posted: 19th May 2025

As you will no doubt be aware, there have been increases in employer’s national insurance from April 2025.

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Reporting 2024/25 benefits and expenses

Reporting 2024/25 benefits and expenses

Date posted: 19th May 2025

Employers who provided taxable benefits and expenses to employees in the 2024/25 tax year need to meet compliance obligations in respect of those benefits.

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HMRC’s increased powers for spotting ‘invisible income’

HMRC’s increased powers for spotting ‘invisible income’

Date posted: 19th May 2025

HMRC can enquire into any tax return and request information to establish whether that return is correct.

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New thresholds for off-payroll working

New thresholds for off-payroll working

Date posted: 19th May 2025

The off-payroll working rules apply where a worker provides their services to a medium or large private sector company or to a public sector body through an intermediary

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Benefits of filing your 2024/25 tax return early

Benefits of filing your 2024/25 tax return early

Date posted: 19th May 2025

As the 2024/25 tax year has now come to an end, individuals who need to file a Self Assessment tax return for that year can now do so.

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Payrolling of benefits – DELAYED

Payrolling of benefits – DELAYED

Date posted: 19th May 2025

HMRC are introducing a requirement to submit benefits in kind values via a company’s payroll.

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Is a payroll scheme required for low earners?

Is a payroll scheme required for low earners?

Date posted: 19th May 2025

A formal payroll scheme is operated by most companies, as they need to declare the national insurance and tax deducted from employees as well as the employer’s national insurance due.

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National Insurance changes from April 2025

National Insurance changes from April 2025

Date posted: 14th Apr 2025

Last October Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025. She also confirmed the rates applying to employees and to the self-employed.

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Relief for holiday let losses

Relief for holiday let losses

Date posted: 14th Apr 2025

From 6 April 2025 onwards, furnished holiday lettings are treated for tax purposes in the same way as other residential let

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