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.
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.
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
Date posted: 14th Apr 2025
A non-natural person (normally a company) that owns residential properties, may need to complete a Return to declare the “Annual Tax on Enveloped Dwellings” – also known as ATED.
Date posted: 14th Apr 2025
The official rate of interest is a rate set by HMRC which is used to calculate the benefit in kind tax charge on cheap employment-related loans, and also the amount charged to tax in respect of the provision of employer-provided living accommodation where the cost of that accommodation is more than £75,000.
Date posted: 14th Apr 2025
A negligible value claim means that a claim is made that an asset is worthless, without actually selling the asset.
Date posted: 14th Apr 2025
The end of the 2024/25 tax year means that many employers will be submitting various compliance forms to HMRC in the coming months.
Date posted: 14th Apr 2025
If your 2023/24 tax return has not been submitted to HMRC, then you are likely to face £10 daily penalties, if this remains the case from 1 May 2025.
Date posted: 14th Apr 2025
HMRC have announced that anyone with only PAYE income, will not be required to complete a 2024/25 tax return.
Date posted: 27th Mar 2025
If you are the owner of a personal or family company, it is prudent to review your dividend strategy before the 2024/25 tax year comes to an end…
