This author has yet to write their bio.Meanwhile lets just say that we are proud Lizzie Robinson contributed a whooping 268 entries.
HM Government has amended how Paternity Leave and Pay can be claimed and taken. The new arrangement will make it more flexible for fathers and partners to access. These changes came into effect for fathers and partners on 6th April 2024. More flexibility These changes allow fathers and partners to take their leave in […]
The recent changes to the compulsory turnover registration limits offer opportunities for small traders to either register or deregister according to their individual circumstances. Business owners with turnover up to £90,000 may like to reconsider their options. What are the changes from 1st April 2024? The 12-month taxable turnover threshold determining whether a business must […]
Most of us would rather avoid the word “tax” and yet tax planning offers a unique opportunity to reduce the amount of tax that you pay and make a positive contribution to your efforts to outpace the current economic downturn and emerge financially more secure. The rest of this fact sheet sketches out some of […]
If you are choosing, or required to work from home, you may be able to benefit from several tax breaks. The nature of the available tax breaks varies depending on whether you are an employee, self-employed, or operate your own limited company. Separate considerations also arise if you have a home office. Employees working from […]
Landlords letting furnished holiday lettings (FHLs) benefit from tax advantages not available to landlords letting residential property on longer lets. However, at the Spring Budget, the Chancellor announced that the FHLs tax regime will be abolished from 6th April 2025. From that date, FHLs will be taxed in the same way as other residential lets. […]
The High-Income Child Benefit Charge (HICBC) is a tax charge that claws back child benefit where the claimant and/or their partner has adjusted net income over £50,000. As announced in the Spring Budget, the trigger threshold is to be increased from 6th April 2024, with the withdrawal rate being reduced from the same date. Key […]
The changes from 1st April 2024 Employers are required to pay workers at least the National Living Wage (NLW) or National Minimum Wage (NMW) for their age. The rates are increased from 1st April 2024. The NLW is extended to workers aged 21 and above from that date. Key dates Employers must pay workers the […]
With an election looming, Chancellor, Jeremy Hunt, delivered his Spring Budget on 6th March 2024, billing it as a ‘Budget for growth’. As widely predicted, there were further changes and cuts to National Insurance, taking effect from the 2024/25 tax year. Other headline measures included the abolition of the furnished holiday lettings tax regime from […]
The Economic Crime and Corporate Transparency Act 2023 introduced significant Companies House reforms. These include new rules for registered offices, a requirement to provide a registered email address, and the need to make a statement of lawful purposes. These changes come into effect from 4th March 2024. Key dates The new rules concerning registered office […]
HMRC’s latest one-to-many letter targets company owners who they believe may have failed to declare dividend income. The letters have been sent where the company accounts show a large drop in reserves, but the shareholders have failed to declare dividend income on their personal tax returns. Key dates Dividend income should be shown on the […]
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