LATEST NEWS

What is Class 1A NIC?
Class 1A NICs are paid by employers in respect of most benefits in kind provided to employees such as a
Tax on inherited private pensions
Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any,
Eligibility for the VAT Flat Rate Scheme
The VAT Flat Rate scheme is open to VAT registered businesses that expect their taxable turnover in the next 12
Checking Furnished Holiday Let property occupancy
The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a
A reminder that NLW and NMW rates are increasing
A reminder for our readers that the National Living Wage (NLW) and the National Minimum Wage (NMW) rates will increase
Full-time and part-time contracts
As an employer, the tax and employment responsibilities you have for your staff will depend on the type of contract
The Valuation Office Agency tackles holiday lets
The Valuation Office Agency (VOA) is writing to some owners of self-catering holiday lets that are assessed for business rates.
Tax Diary March/April 2024
1 March 2024 - Due date for Corporation Tax due for the year ended 31 May 2023. 2 March 2024
Using your own vehicles for work-related journeys
If you are an employee and use your own money to buy things you need for your job you can
Should you pay tax on selling goods online?
HMRC has published new guidance for taxpayers that regularly sell goods or services through an online marketplace. The guidance makes
Landlords – claiming maintenance and repairs costs
Landlords are able to claim for allowable expenses as a deduction from their rental income when calculating taxable rental profits
Reporting employee changes to HMRC
There are rules that businesses must follow when they are reporting employee changes. These changes must be sent to HMRC