September 11, 2024
Hiring young workers or employees under the age of 16 requires employers to comply with specific legal obligations, including proper tax deductions and ensuring employee rights. […]
September 4, 2024
Understanding the New Penalties for Late VAT Returns and Payments The rules governing penalties for late filing and payments of VAT (Value Added Tax) returns have […]
August 26, 2024
Understanding Tips at Work and Their Tax Implications Tips received at work do not contribute to your earnings for calculating the National Minimum Wage. However, you […]
July 31, 2024
When considering making significant lifetime gifts, it’s essential to understand the rules surrounding Potentially Exempt Transfers (PETs) and their implications for inheritance tax (IHT). What Are […]
June 6, 2024
Directors are classed as employees and are required to pay National Insurance on their annual income from salary and bonuses that exceed the Primary Threshold. For […]
April 29, 2024
HMRC offers an online service for checking your National Insurance Contributions (NIC) record. The service is available on the Government website. You will need a Government […]
April 17, 2024
HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The latest version of […]
April 9, 2024
Understanding Tax-Free Mileage Expenses and Mileage Allowance Payments (MAP) If you use your own vehicle for business journeys you may be able to claim a tax-free allowance […]
March 13, 2024
The taxable turnover threshold that determines whether businesses should be registered for VAT will increase from £85,000 to £90,000 from 1 April 2024. The taxable turnover threshold that […]