Posted in Tax
April 1st, 2025
For self-employed individuals and those under self-assessment, tax payments are made in two installments, known as payments on account. These advance tax payments help spread the cost of the year’s…
Posted in Accounting, PAYE, Payroll, Tax
March 28th, 2025
For employers and employees, one of the most notable changes in 2025/26 is the increase in Employers’ National Insurance Contributions (NICs), which will rise from 13.8% to 15%. This change means…
Posted in Accounting, Bookkeeping, Tax
March 7th, 2025
For companies operating in the UK, corporation tax payments are due nine months and one day after the end of the company’s accounting period. This means if a company’s financial…
Posted in PAYE, Payroll, Tax
March 1st, 2025
Two major economic indicators will be released in the autumn of 2025, shaping decisions on pensions, benefits, and general cost-of-living adjustments. These figures, published by the Office for National Statistics…
Posted in Accounting, Tax
February 7th, 2025
From April 2025, most double cab pick-ups will be treated as cars, not vans, for direct tax purposes, potentially meaning increased tax bills for employers, employees and businesses. Currently, HMRC…
Posted in Accounting, Tax
March 16th, 2023
There was good news in the Budget for those saving in a personal pension. The current pension lifetime allowance (LTA) charge is being abolished from 6 April 2023. The LTA…
Posted in Accounting, Tax
March 16th, 2023
Energy Costs The Energy Price Guarantee (EPG) brings a typical household energy bill in Great Britain down to around £2,500 per year. It has now been announced that the £2,500 EPG will…
Posted in Accounting, COVID-19, Tax
February 10th, 2023
After two years, the corporation tax super deduction will no longer be available for expenditure on or after 1 April 2023. Transitional rules will apply in respect of expenditure for…
Posted in Tax
August 19th, 2022
From this month, some individuals will be offered an alternative way to prove their identity to access HMRC’s online services. Individuals using an iPhone may be offered the choice to…
Posted in Tax, VAT
March 18th, 2022
In the Spring 2021 Budget, the government announced that there would be changes to the way penalties are incurred on late VAT return submissions and/or payments from 1st April 2022.…
