12 Jun 2023
Any sustainable retirement plan should have redundancies built into it. That is why many savers choose to not only invest money into their pension but also property as well. Recent research shows that the number of people intending to use property to provide a retirement income is on the rise. However, many of the advantages […]
Read more...8 Jun 2023
Several significant changes were announced by the Government in the 2023 Spring Budget regarding the annual allowance and the lifetime allowance.
Read more...7 Jun 2023
A range of car financing options are available for individual buyers and businesses alike.
Read more...6 Jun 2023
There have been several important tax decisions previously regarding the difference between vans and cars, but how do the different rules regarding electric vans affect their tax treatment? Let’s use a hypothetical: A Ltd has acquired a new electric company van that its director, Bob, uses to go to and from work, as well as […]
Read more...6 Jun 2023
With a growing number of company car owners using electric vehicles, many are deciding or being permitted to use company credit cards to pay for roadside charging. However, what are the implications of this for the employee and business alike? While the answer is fairly technical, the short simple answer is there will be no […]
Read more...6 Jun 2023
The 2020/21 tax year saw 1.4 million people charged interest on overdue tax payments – a 15 per cent increase on pre-pandemic figures. The data was released after a Freedom of Information request by investment platform, AJ Bell, but this did not disclose how much money HM Revenue & Customs (HMRC) raised from these late […]
Read more...6 Jun 2023
It is important for employees to feel valued in the workplace. A lot of the time, it is the little things that employers can provide to their staff that have the most substantial impact. One such ‘little thing’ is the concept of trivial benefits in kind. Trivial benefits are best described as small ‘token gifts’ […]
Read more...6 Jun 2023
In the Spring 2023 Budget, the Government laid out plans to shake up the current free childcare system – but many higher earners will be disappointed to find that the changes keep them excluded from the scheme. The existing childcare rules mean that parents are eligible for up to 30 hours of free childcare if […]
Read more...6 Jun 2023
As an employer, you will likely face the delicate situation of employees asking for pay rises. With the cost-of-living crisis and rise in inflation, these requests will have become more frequent as people look to keep up with spiralling living costs. Each month, the Office for National Statistics (ONS) surveys collect the salaries of 12.8 […]
Read more...6 Jun 2023
The UK Government has long encouraged businesses to invest in Research & Development (R&D) projects, believing it to be at the forefront of economic growth. R&D tax reliefs are, therefore, lucrative and aimed at both Small and Medium Sized Enterprises (SMEs) and larger organisations. However, before organisations plan to claim R&D tax relief or expenditure […]
Read more...6 Jun 2023
Recent changes HM Revenue & Customs (HMRC) made to the rate of Corporation Tax mainly affected larger businesses in the UK.
Read more...2 Jun 2023
HM Revenue & Customs (HMRC) has revealed plans to increase an individual’s income threshold before being required to submit a self-assessment tax return.
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