Payrolling Benefits in Kind From April 2027: What Employers Must Do Now
From 6 April 2027, employers must start taxing certain benefits in kind through payroll rather than reporting them on P11D forms. HMRC has confirmed a phased [...]
Making Tax Digital: HMRC Is Now Signing People Up – Here’s What to Check Before 7 November
If you are a sole trader or landlord with income over £50,000 and have not joined Making Tax Digital for Income Tax, HMRC may now [...]
Budget Summary 2021
State of Economy and Outlook The UK economy shrank by 10% in 2020 The OBR (Office of Budget Responsibility) has forecast that the economy will [...]
Christmas Party exemptions
Office parties will, more than likely, have to be online this year because of the coronavirus restrictions that apply across most of the country [...]
Trivial Benefits-additional considerations
A new statutory exemption for trivial benefits which are provided to employees was introduced from 6 April 2016, as we explained back in June 2017 [...]
Company Cars- Diesel Cars Benefits in Kind
Diesel cars have had a lot of bad press in the last four years, but there are still a large number of diesel-powered company cars [...]
Christmas Gifts to customers and suppliers
The Christmas period is the season of giving and many businesses typically use it as a chance to promote their business and reward their loyal [...]
Staff Christmas Parties
Staff Christmas Parties: can you obtain tax relief on your Office Christmas Party? Must all staff attend? Is there tax relief for an owner manager [...]
Directors Tax Return -HMRC Advice now changed
It has long been an irritation to accountants that HMRC insist all directors must register for self-assessment and complete a directors tax return, even if [...]
Budget Summary 2018-19 – the key points
The state of the Economy As announced by the Prime Minister the Era of austerity is @finally coming to an end' the chancellor repeated. [...]