Tax-free Christmas celebration

As the festive season approaches, many employers look to host Christmas parties to show appreciation for their staff. In the UK, there are specific tax exemptions that allow businesses to provide annual social events, like Christmas parties…

Tax deadlines December 2024

As we approach December, it's crucial to be aware of the upcoming tax filing and payment deadlines to ensure compliance and avoid potential penalties. Here's a detailed overview of the key dates and obligations for December 2024: VAT Returns…

Reviewing minimum wage payments

In this alert, NMW refers to the National Minimum Wage and NLW to the National Living Wage. Hopefully, you will have seen the Budget that included increases in the above rates from April 2025. This alert describes the consequences if you…

Tax on savings interest

Many clients are confused by the special rules that govern tax payments due, if at all, on interest received from savings. Banks now pay interest gross, without deduction of tax, and so any interest received on savings interest is potentially…

Unclaimed Child Trust Funds - Reclaiming funds for 18-22 year olds

According to government sources, there are over 670,000 young people (aged between 18 and 22 years), who may have cash languishing in a Child Trust Fund Account. And they – and their parents - may not be aware that such an account exists. Read…

Restarting Child Benefits - Consequences of Higher Income Limits for HMRC’s High-Income Child Benefit Charge

Changes to the High Income Child Benefit Charge (HICBC) for 2024-25, mean that where a child benefit claimant or their higher earning partner has adjusted net income of between £60,000 and £80,000 (previously £50,000 to £60,000) they will…

New-business challenges 2024/25

Setting up a new business is not a project for the faint of heart. In this fact sheet, we have set out a few of the roadblocks you are likely to encounter on your journey and a few ideas that will help you stay on track.   What to do before…

Pre-budget planning options - Considering possible tax planning opportunities before the 30th of October budget announcements

  It is unusual for a Chancellor to make tax changes in a budget and backdate these to take effect before the budget announcements are made.   When Rachel Reeves steps up to the dispatch box to present her first budget on…

Registering for Pension Credits - The importance of registration winter 2024, searching for the 880,000.

We all have elderly folk in our family or ageing neighbours, and many may or may not be eligible for financial support this coming winter. But recent government announcements have shifted the goalposts, and the welcome Winter Fuel Allowance…

VAT Registration - Do you need to register?

HMRC will take a poor view if you say you are registered for VAT, and charge your customers VAT, but are not registered. Expect the strong arm of the law to descend on you!   This alert sets out the basic options you have regarding…
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