Reporting requirements for taxable benefits are changing – Are you ready?
From April 2026, all employers which offer benefits-in-kind (BIKs) to employees must report them for tax purposes via their payroll system – […]
Month: July 2024
TWP Accounting cautions employers over changes to payroll benefit reporting
Weybridge-based accountancy firm, TWP Accounting, has urged employers to keep an eye out for upcoming changes to benefit reporting for tax purposes, […]
General Election 2024 – what are main parties saying about tax?
Both the Conservative and Labour parties have pledged not to increase income tax, national insurance or VAT, although the Labour party have […]
VAT on private school fees – any planning?
The Institute of Fiscal Studies (IFS) indicates charging VAT on private schools would generate revenue of £1.6bn per year, which Labour claim […]
“Tax point” for VAT
The time of supply is the earlier of: the date when the supply is ‘really’ made, referred to as the basic tax […]
Form P11D deadline is 6 July
As mentioned in the diary of main tax events, form P11D for reporting benefits provided to employees and directors needs to be […]
Childcare accounts can subsidise summer childcare costs
If you have children under 12 who attend a nursery, after school club, playscheme or childminder, or you are considering sending them […]
VAT on the costs of selling of a subsidiary
When a holding company sells shares in a subsidiary, the VAT incurred on the professional fees involved would normally be irrecoverable, on […]
Diary of main tax events July/ August 2024
Date What’s Due 01/07 Corporation tax payment for year to 30/9/23 (unless quarterly instalments apply) 05/07 Last date for agreeing PAYE settlement […]
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