Child benefit may create a tax charge for those with high income
Parents and carers need to be aware that if either of the couple have ‘adjusted net income’ in excess of £50,000 then […]
Month: September 2023
Merger of R&D tax relief schemes to go ahead
The government have issued draft legislation for consultation on the proposal to merge the two forms of corporation tax relief for expenditure […]
Income tax on inherited pension funds
Currently, where an individual pension holder dies before age 75, drawdown pensions paid to a successor can generally be received free from […]
HMRC to require more information to be provided by taxpayers
Draft legislation released for consultation on 18 July indicates that business and individual taxpayers will be required to provide more information to […]
Advisory fuel rate for company cars
The table below sets out the HMRC advisory fuel rates from 1 September 2023. These are the suggested reimbursement rates for employees’ […]
Diary of main tax events October 2023
Date What’s Due 1 October Corporation tax for year to 31/12/22 unless paid by quarterly instalments. 5 October Deadline for notifying HMRC […]
Half of the UK fears inadequate savings for retirement – Especially homeowners
It is hard to deny that the cost-of-living crisis and rising interest rates are having a substantial impact on households, but new […]
The importance of saving early for a pension: Why younger generations aren’t doing enough
Analysis of the Financial Conduct Authority’s (FCA) Financial Lives Survey has revealed a significant trust and engagement gap in pension savings, particularly […]
Could you be the target of a financial scam? UK savers have lost more than £17bn
Recent research from Canada Life has highlighted a concerning rise in financial scams affecting UK residents. According to the new study, a […]
Three tips for managing maternity and paternity pay for small businesses
As experts in the field of accountancy, we understand the unique challenges business owners face when it comes to payroll. We’ve put […]
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