Beware the 60% income tax trap
It has recently been reported over half a million taxpayers paid a marginal income tax rate of 60% in 2022/23, up by […]
Month: July 2024
Use tax-free childcare account to pay for summer holiday clubs
Tax-Free Childcare accounts can be used to pay for approved childcare for children aged 11 or under, or 16 if the child […]
Planning a staff summer barbeque?
Employers may meet the cost of certain social events for staff without creating a tax liability. This used to be a concession […]
Budget date announced
The State Opening of Parliament took place on 17 July and the King’s Speech set out the measures that the government intends […]
Proposed repeal of the special tax treatment of furnished holiday lettings
The government has now issued the draft legislation to abolish the special tax treatment of furnished holiday lettings (FHL) with effect from […]
Changes to VAT on independent school fees
On 29 July 2024, the Chancellor announced that as of 1 January 2025, all education services and vocational training supplied by a […]
Diary of main tax events August/ September 2024
Date What’s Due 01/08 Corporation tax payment for year to 31/10/23 (unless quarterly instalments apply) 19/08 PAYE & NIC deductions, and CIS […]
Will SMEs benefit from the National Wealth Fund?
In the aftermath of the General Election, Chancellor Rachel Reeves has formalised the creation of the National Wealth Fund (NWF) – a […]
Tax implications of flexible working an invisible hurdle for many workers, says TWP
Surrey-based accountancy firm, TWP, has cautioned workers over the potential tax implications of the rise in flexible working – as almost two-thirds […]
Thousands of pensioners owed refund due to DWP error
Over 200,000 pensioners – mostly women – are expected to receive letters from HM Revenue & Customs (HMRC) informing them that they […]
Request a call back