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 […]
Category: Specialist Tax News
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 […]
Class 4 NIC reductions benefit the self-employed
Self-employed workers will see a substantial reduction in their Class 4 national insurance contributions (NICs) for the current tax year after two […]
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 […]
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