This is where we keep you up to date with announcements by HMRC, share tips to help you save money and run your business.
Q: The turnover of my business has been no higher than £75,000 over a 12-month period since we started but has now crept up to £92,000. It reached this point on 5 December 2023. What do I need to do about VAT registration? A: Once your total VAT taxable turnover for ...
Read moreFor those of you who employ staff, you'll be aware of requirements surrounding workplace pensions. Changes could be afoot for pensions, with new proposals to give savers a legal right to require a new employer to pay pension contributions into their existing pension pot. A consultation has been ...
Read moreAre you aware of Business Asset Disposal Relief (BADR)? You may not have heard of it before, but you probably are familiar with Capital Gains Tax (CGT). BADR is a type of CGT relief. It becomes relevant if you're selling all or part of your business. It used ...
Read moreDid you know that your business can benefit from a tax-free allowance if you host a celebratory event for your employees? If not, you may have missed out for this year's Christmas party. Or if you're planning a late festive party in January, this may come at just ...
Read moreScammers are targeting people's online tax accounts and attempting to steal sensitive personal data, HMRC officials have warned. It's been reported by the Institute of Chartered Accountants in England and Wales (ICAEW) that various accountants' clients have received emails, which are described by HMRC as "a tactic by ...
Read more
