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 PAYE, Payroll
February 7th, 2025
Changes are coming to the way businesses handle employee benefits. From April 2026, HMRC will make payrolling of benefits mandatory, replacing the traditional P11D submission process for most employers. This…
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 VAT
August 19th, 2022
From Tuesday 1 November 2022, clients will no longer be able to use their existing VAT online account to file their quarterly or monthly VAT returns. Businesses that file annual…
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.…
Posted in COVID-19, Tax
January 6th, 2022
Today HMRC has announced that they will not charge: Late filing penalties for those who file online by 28 February 2022. Late payment penalties for those who pay the tax due…
