The new tax year is upon us and, although midnight on 6th April might not have been accompanied by champagne and fireworks like the new calendar year, it’s really important…
Introduced back in April 2021, the off-payroll working rules (IR35) have been a source of confusion and consternation for businesses wishing to engage the services of a contractor. The intention…
The 2024/25 tax year came into effect on Saturday 6th April, and with it comes a number of important changes you need to be aware of. From income tax and…
If you’re a business that works with social media influencers for help with promoting your products, you may have been issued with a VAT assessment last year. Following increased scrutiny…
If you’re the owner of a holiday let property, or you were planning on purchasing a property as a holiday let, you need to be aware of new powers being…
STUDENT LOANS AND BASIS PERIOD REFORM New guidance from HMRC confirms that profits used to assess student loan repayments and entitlement to student finance will include transitional profits from basis…
As the end of the 2023/24 tax year approaches, you may already be looking for ways to maximise your tax efficiency before the 5th of April 2024. There are many…
On the 6th of March, all eyes were on the Chancellor, Jeremy Hunt, as he unveiled the much-anticipated Spring Budget, outlining the government’s fiscal plans and economic policies for the…
With the next General Election expected to be held in the autumn, the spring budget (Wednesday 6th March) is likely to be the final major fiscal event of this current…
The Basis Period Reform comes into effect in the new tax year (from 6 April 2024), with the 2023/2024 tax year being a ‘transitional year’. This means that you may…