Newswires
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Spring Budget ushers in property tax shake-up. Overhaul of non-dom tax status – What does it mean for those affected? Holiday accrual to come in for zero-hours workers. Run your business from home? Get to know your VAT entitlement. Economic Crime and Corporate Transparency Act 2023 – Companies House changes now in effect. The Employment (Allocation of Tips) Act 2023 – Understanding the impact on pay in the hospitality sector. What are the implications of MTD for ITSA for SMEs?
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Tax basis – Getting ready for the end of the transitional year. Putting the brakes on excessive National Insurance payments through car allowances. Please leave a message – HMRC dispute resolution hotline restricted to answerphone. National Insurance credit scheme will be introduced to tackle child benefit gaps. Employee benefits and mandatory payroll reporting. UK company law is changing – Get ready now!
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Going green – The financial benefits of investing in a cleaner future. Scaling up – How you can grow your business in 2024. 10 steps to prevent insolvency. Can you afford to miss your Companies House deadline? HMRC sets its sights on unpaid crypto tax. Trivial benefits in kind: A quick guide for employers.
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Navigating the challenge of late payments. Four new investment zones unveiled and how they could help your business. An essential financial opportunity maximising your State Pension. The future of payments – Cards, cashless and beyond. Making Tax Digital for Income Tax – Government kills off confusing year-end statement. R&D tax relief schemes to merge in 2024 – What it means for future claims.
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Your quick guide to paying tax on your pensions. Funded and thriving: Understanding financing. Exiting the slow lane – Sustaining growth in uncertain times. How to deal with the rising impact of Inheritance Tax on family homes. Watt’s up with HMRC? Understanding the new electric car charging rules. Brexit’s next chapter: EU announces new Green Tax and VAT rules.
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A Quick Guide To Corporation Tax Rates. How can SMEs learn to thrive, rather than just survive? The benefits of HMRC’s salary advance reporting changes. The impact of increased Corporation Tax receipts for business owners. HMRC targets overseas taxpayers. What’s on the horizon for taxation? Almost 50 per cent of businesses forget vital R&D forms.
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Three tips for managing maternity and paternity pay for small businesses. Could you enjoy a slice of the £1.6bn creative industry tax reliefs? Chief UK economist warns of period of stagnation – How will this affect your SME? When are interest rates likely to fall and why does it matter to you? Can you afford a £7,300 fine from Companies House? The rise of the machines – How AI can elevate your SME to new heights.
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Why companies fail to pay the National Minimum Wage and how to avoid the same mistakes. What you need to know about the High-Income Child Benefit charge and the upcoming changes. Eight ways your accountant can boost the success of your business. The benefits of Employee Ownership Trusts. £56 million overpaid in pension tax. New R&D supplementary information form in effect.
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Are banks supportive of SMEs and willing to assist their growth? Time to exit: New research shows many business owners are planning ahead. Management accounts: The importance of having a clear view of your business during uncertain times. The hidden economy: What income should you declare? HMRC sets its sights on SMEs over UK tax gap. Inflation and increased interest rates – What does it mean for businesses?
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Car vs Van – Tax treatment of electric vehicles. Roadside charging – How to account for credit card payments. Late interest penalties hit 1.4 million taxpayers – and it could get worse. Trivial benefits in kind and the advantages they give to employers. Changes to free childcare, but higher earners will still miss out. Constantly asked for pay rises? Here is what you need to know about pay in the UK. The ins and outs of pre-notification of R&D claims.
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P11D – Are you ready to report and pay tax on Benefits in Kind? Changes to the repayment of Student Loans begin in August. Fiscal drag bites on earners. What is the Residence Nil-Band Rate? And why does it matter to you? Landlords are latest group targeted by HMRC ‘nudge’ letters. 683,000 higher rate taxpayers opt out of child benefit as thresholds remain frozen. Striking the perfect balance: Director’s salary and dividends for 2023/24. Businesses must get to grips with a Government crackdown on fraud committed by employees.
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SMEs to benefit from Chancellor’s change to the Research & Development tax credits schemes. Chancellor abolishes Lifetime Allowance pensions shake-up. How does Full Expensing work? Crypto transactions to become part of Self-Assessment under new regulations. How do changes in Corporation Tax affect my business? Be prepared for business rate changes as rateable value update takes effect. Government announces shakeup in the payment of Benefits in Kind.
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Fuel rate boost for electric car drivers, but other advisory fuel rates cut Employers brace for uplift to the National Minimum Wage Businesses must be prepared for imminent changes to Corporation Tax R&D tax reliefs are changing in April – Are you ready? Make voluntary National Insurance contributions to ensure pension entitlement Avoid stress and prepare for payroll year-end
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Avoid these costly VAT mistakes What you should include in a business plan MTD for ITSA is delayed. Should you still go ahead with cloud accounting? How can you achieve taxation ‘quick wins’ before the end of the tax year Taxation planning should be an ongoing process, not just pre-Budget Think about the support you need for your business
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A new VAT penalty system is now in effect Understanding and improving your balance sheet Should I take a salary or dividends as a small business owner? Tax considerations for gifting to grandchildren in the UK Improving your business finances in 2023 and beyond Take advantage of the super deduction allowance – before it’s gone Implementation of MTD for ITSA delayed for two years
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Income Tax thresholds freeze – What it means for you What is the ultimate goal of your business? R&D relief slashed – Time to plan Companies House goes fully digital Be prepared for changes to Capital Gains Tax thresholds
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How to protect your business from inflation How to keep workplace gifts tax-free this Christmas IR35 rules – What they are and why they matter New rules to address the soaring cost of card payment fees When can you take a dividend from your business? Time to rethink your property portfolio? What you need to consider
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Tax-Free Investment Zones – How could they support your growth? What does the Income Tax cut mean for you? What does the repeal of IR35 mean for businesses and contractors? Are you ready for changes to R&D tax reliefs in 2023? The rate of late tax payments interest rates continues to rise What does Sterling’s historic value against the dollar mean for investment?
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Government increases interest rate on late tax payments New law delivers even-handed treatment for separating couples Back to basics: Job expenses Companies House service goes digital Top tips for securing finance for new businesses MPs support move to crackdown on unqualified accountants Furnished Holiday Lets – What tax reliefs are available?
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Back to Basics on Business Mileage HMRC set to modernise direct debit system for employer PAYE Calls for Government to tackle late payments to small businesses I can’t pay my tax bill – what should I do? COVID business loans scheme extended for two years Group companies – Considerations ahead of the Corporation Tax rise
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Are you prepared for changes to the income tax basis? Survey shows taxpayers are still unprepared for Making Tax Digital switchover The benefits of taking on an apprentice Be prepared if you decide to adopt a working from home policy How to minimise Inheritance Tax bills as house prices surge ‘Umbrella’ contracts firm loses £11m tribunal case against HMRC Britons lose millions in penalty charges as they cash in LISAs
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How hard-pressed SMEs can obtain business support Be prepared for changes to VAT penalties and VAT interest charges Penalties for misuse of Coronavirus Job Retention Scheme Managing costs to offset spiralling inflation – Our top tips for cutting your bills Take action – Loans to small businesses drop to record low ‘New deal’ for tenants to be delivered in Renters Reform Bill
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Make sure you are making the correct PAYE payments to HMRC. Could Government-backed business loans become permanent? Working from home tax relief continues, but fewer employees likely to be eligible this year. Our top tips for hiring your first employee. Revenue updates guidance on tipping apps. Expansion of the Trust Registration Service – What you need to know.
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Don’t ignore the warning signs that you or a customer’s business is in trouble. Keeping a lid on business expenses. How can you finance a new business? Getting to grips with the new National Insurance and Dividend Tax Rates. Looking to start a new business? You aren’t alone. R&D Tax Credits – What is changing next year. HMRC to launch new mandatory P87 expenses form.
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Are you making the most of super-deduction tax relief? Retain key staff with salary sacrifice schemes. Cash flow statements – How to avoid errors that damage your business. How to make the most of cloud-based accounting software. Avoid the pitfalls of the SEISS scheme. Company tax returns must include COVID-19 grants says HMRC. HMRC focuses on backlog of work by shuttering telephone services.
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Top tax tips to help your business save money. Nearly half a million SMEs at risk of failing due to late payments crisis. Fears over move to MTD, as few take part in income tax pilot scheme. Company directors banned for Bounce Back Loan fraud. New tax rules on holiday lets – What does it mean for owners? Most popular options available when setting up a new business. Can you avoid the P11D process?
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Give yourself Time to Pay. Cash no longer king as card payments surge in lockdown. Be prepared for changes to Corporation Tax in 2023. Accountants critical to the success of SMEs. How the penalty system for late tax submissions is changing. Income tax basis periods – What unincorporated businesses need to know.
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Prepare now for the final stage of MTD for VAT. Eight New Year’s resolutions that businesses should follow. Homes price boom sparks a big rise in Inheritance Tax receipts – What can you do to save tax? PAYE Settlement Agreement can save time and costs. Self-Assessment taxpayers warned over fraudsters trying to steal information. Should payments for vehicles and uniforms be treated as reductions for the National Minimum Wage?
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Simple steps you can take to cut business costs and maximise profits, Is your business struggling with debt? Regain control today, Top tips for filing your Self-Assessment tax return, How businesses can avoid becoming the victims of fraud, Need Help to Grow? Learn about the latest Government-backed support for SMEs, Business rates reform – How will it affect you
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Thousands of taxpayers across the UK have received ‘nudge letters’ from HM Revenue & Customs (HMRC) encouraging them to declare unpaid tax.
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Frustrated SMEs turning to unsecured loans to grow businesses, Beware of rising house prices increasing Inheritance Tax liability, New weapons in the war on cybercrime, Couples could be missing out on tax breaks, Minimum wage non-payment excuses ‘outrageous’, SME confidence is on the rise as employers make plans to expand their workforce.
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Beware of exceeding your pension pot allowance, Draft legislation published for next Finance Bill, Super-deduction gives businesses confidence to grow, Taxman says help available as debt collection resumes, SMEs optimistic and frustrated as economy set to thrive, HMRC auto-correcting 2020-21 SEISS tax returns.
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Time to prepare for Corporation Tax changes, Making Tax Digital for Income Tax – Get ready now!, Points-based system for HMRC late payment penalties, Take account of your year-end tax liabilities, Director’s ban a warning to others to keep proper company records, A helping hand with the cost of children’s summer activities, Don’t miss the deadline for renewing tax credits.
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Make sure to include SEISS grants on your next tax returns, Carry back scheme brings welcome relief for business, New recommendations in sweeping CGT review, Tax saving strategies for landlords, Beware of the HMRC scammers, but ignoring calls can be costly, Bank of England and CBI expect the biggest rise in economy for decades.
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HMRC unveils penalty regime for VAT deferral scheme, COVID forces businesses to change direction, Workers can continue to claim home working tax allowance in the new tax year, Reimbursed expenses – What you need to know, HMRC to tackle SEISS abuse with new penalty regime, New Debt Respite Scheme launched, National Insurance relief launches for employers that hire veterans.
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Parents missing out on tax-free childcare bonus of up to £500, Inheritance tax reporting to be simplified, Applications for SME Brexit Support Fund underway, Thousands of cases of COVID-related fraud and cyber-crime are being investigated, Majority of SME owners have loaned personal money to their business during the pandemic, Coronavirus insolvency measures extended until the end of June
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Student loan thresholds to rise from 6 April 2021, Business rates review report delayed, HMRC updates tax rules and calculations on ultra-low emission vehicles, Almost two-fifths of small businesses are looking to trade overseas, National Living Wage and National Minimum Wage rates to increase from 1 April, Vaccine rollout prompts SME optimism about prospects for 2021…
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Basic rate taxpayers could face ‘high income’ child benefit
charge, The VAT Reverse Charge for the Construction Industry Scheme – Are you ready?, Large and medium-sized businesses need to be ready for IR35, Don’t forget to claim home working tax relief, Voluntary and compulsory strike-off processes paused in response to national lockdown, Consultations on future of Companies House could see filing deadlines slashed…
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HM Revenue & Customs increases the threshold for Self-Assessment online payment plan service to £30,000, Could the Government be about to launch a new permanent state-backed small business loan scheme?, Independent commission argues against annual wealth tax but advocates a one-off charge, FSB proposes move to turn Covid emergency debt into shared ownership schemes, HMRC issues new warning over lockdown fraudsters…
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Scammers are targeting Self-Assessment taxpayers, says HMRC, Eat Out to Help Out
compliance checks underway, Businesses face legal action over unpaid business rates, HMRC publishes consultation on MTD for Corporation Tax, HM Revenue & Customs issues Capital Gains Tax reminder, Virtual Christmas parties eligible for £150 annual function exemption, Grandparents set to increase gifting following pandemic…
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IFS predicts tax rises of more than £40 billion a year by the middle of the decade, More than 50,000 people claim working from home tax relief through HM Revenue & Customs online portal, HMRC called on to simplify the administration of tax reliefs, A quarter of businesses don’t think they will be ready for post-Brexit Britain, HMRC warns taxpayers still aren’t ready for Making Tax Digital,
Homebuyers need to start purchases this month to take advantage of Stamp Duty savings…
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HM Revenue & Customs publishes further details of the Job Support Scheme, Annual Investment Allowance – Time is running out, Accounting for mobile phone use, Time to prepare (once again) for the VAT reverse charge, Is the Government considering
a National Living Wage freeze?, Companies House reforms to combat fraud and assist businesses…
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Change to Companies House bank details, More than £1 billion in tax reliefs for creative industry, Advisory Fuel Rates for next quarter come into effect, Key dates for the Coronavirus Job Retention Scheme, The first Child Trust Funds (CTFs) can now be claimed, Four in five SMEs are confident over their Coronavirus recovery, HM Revenue & Customs (HMRC) writes to 3,000 employers over furlough claims…
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Tax changes outlined in draft Finance Bill 2020 – 2021, Coronavirus Business Interruption Loan Scheme expanded to more businesses, VAT treatment of imported goods up to £135 to change under new rules, HM Revenue & Customs publishes Job Retention Bonus guidance, Small business Covid recovery boosted by £20 million in new grants, HM Revenue & Customs sets out Making Tax Digital plans for VAT and Income Tax…
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New 30-day Capital Gains Tax deadline set to come into effect, VAT charged on the sale of a business, Bank overdrafts to become more expensive for some under new changes, Employment Allowance Changes come into effect from April, Don’t forget EORI registration…
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Make the most of the Brexit implementation period, Entrepreneurs’ Relief changes expected in March Budget, Get ready for a range of tax changes this April, VAT zero-rating now applicable to businesses e-publications, Latest case highlights the dangers of not meeting workplace pension requirements, When was the last time you checked your NIC record?, Property tax implications of getting divorced
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More than 3,000 taxpayers complete self-assessment on Christmas Day, Should your company pay a data protection fee?, SMEs now wait 23 days for late payments, new study finds, Reminder: National Living Wage set to increase from April, HMRC launches revamped CEST IR35 off-payroll working tool, VAT receipts reach record level of £133 billion, New Advisory Fuel Rates
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Around half of the UK’s SMEs admit to making errors on taxes, Late payments a huge drain on SMEs, The end of the help-to-buy ISA – What’s next?, HMRC urges taxpayers to be vigilant ahead of self-assessment, Keeping workplace gifts tax-free this Christmas, Annual R&D spend in the UK reaches £25 billion
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Countdown to the 31 January Self-Assessment Tax Return deadline begins, Grant scheme opportunities for electric vehicle charging infrastructure at work, Spanish holiday home owners cautioned over post-Brexit tax impact, Businesses and contractors offered clarity on IR35, Pension holders to be refunded £54 million of overpaid tax, Newly cohabiting parents warned over new tax charge
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HMRC trialling self-assessment checks to help local authorities to recover council tax, Overseas employees potentially face double NICs liability following a no-deal Brexit, New figures show a sharp increase in Inheritance Tax (IHT) receipts, Non-VAT-registered businesses need EORI number to trade with EU customers and suppliers post-Brexit, 25,000 companies receive penalties for the late filing of accounts in just one month, HM Revenue & Customs has started carrying out PAYE tax investigations remotely, Wages rise at the fastest rate in a decade, Renovated homes that have been empty for two years can qualify for a reduced rate of VAT
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Government delays introduction of VAT reverse charge!, How to tell if an email is fraudulent, Tax investigations reap in £13 billion for the treasury, Half of all SMEs make VAT return mistakes, Boots, Asda and Specsavers push back against business rates, MTD for VAT filing deadline missed by one in ten businesses, Making a voluntary disclosure to HMRC
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Government’s draft IR35 legislation contains important changes, Construction businesses only have weeks left to prepare for the VAT reverse charge, HMRC outlines changes to Capital Gains Tax treatment on second homes, Summer childcare costs cooldown with Tax-Free Childcare, Employment Allowance to be restricted from next year, Principal Private Residence Relief and Lettings Relief changes due in April 2020, New figures show that a quarter of estates paying Inheritance Tax (IHT) are investigated by HMRC