Employer Services

Request flexible working from day one

The Flexible Working (Amendment) Regulations 2024 have come into effect, introducing significant changes....

General News & Developments

The cost of incorporating a company increases

The fees associated with incorporating and maintaining a company will rise from the 1st May 2024, due to an increase in charges from Companies House....

General News & Developments

HMRC begins to ramp up its checks

There’s no respite for HMRC with inheritance tax (IHT) accounts, undeclared dividend income and gains from share disposals to scrutinise....

General News & Developments

How to navigate the £500 trust income exemption

The introduction of a £500 income exemption from 6th April 2024 will impact many trusts....

Announcements

Budget Highlights: Notable takeaways from Jeremy Hunt’s speech

Chancellor Jeremy Hunt has presented the details of this year's Budget in the House of Commons, marking the final scheduled Budget before the upcoming general election expected later this year....

General News & Developments

Increased income: the double-edged sword

With tax bands and other thresholds frozen, taxpayers should be aware of the implications of their income increasing. Increased income can mean more than facing a higher tax bill....

General News & Developments

Companies House reform brings tougher company checks

Companies House is introducing wide-ranging reforms – subject to new legislation being in place – from 4th March 2024. ...

General News & Developments

The national insurance ‘tax cut’

For employees, the national insurance tax cut announced in the Autumn Statement took effect last month, on the 6th January....

General News & Developments

Changes to ISA reforms from April 2024

The 31st January 2024 deadline for submitting a 2022/23 self-assessment tax return is not far off, especially for those not yet registered....

General News & Developments

Handy hints ahead of self-assessment

The 31st January 2024 deadline for submitting a 2022/23 self-assessment tax return is not far off, especially for those not yet registered....

General News & Developments

Navigating HMRC’s New Powers: Understanding Digital Platform Reporting Rules & Side Hustle Regulations

HMRC has acquired expanded powers that mandate digital platforms to share details of individuals engaged in services or selling goods....

Announcements

Key Highlights: Shona Robison’s 2024/25 Scottish Budget

Shona Robison, serving as Deputy First Minister and Finance Secretary, unveiled the government's spending plans for the upcoming year yesterday afternoon....

General News & Developments

VAT registration goes online only

HMRC is moving ahead with its ‘digital by default’ ambition by pushing VAT registration to online only. Any business unable to use the online registration service will have to call HMRC’s VAT helpline to obtain a paper registration form....

Announcements

Autumn Statement 2023: Key points at a glance

Chancellor Jeremy Hunt has presented the details of his Autumn Statement in the House of Commons....

General News & Developments

Updated tax guidance for electronic company car charging

HMRC has updated its guidance to clarify that there is no taxable benefit when an employer reimburses employees who charge their electric company cars at home....

General News & Developments

Are we saying farewell to inheritance tax?

In July, the government was reported as holding talks on abolishing inheritance tax (IHT). This wasn’t given much credence at the time, but there are now reports that the March 2024 Budget will include a reduction to the 40% IHT rate as a prelude to future abolishment....

General News & Developments

Don’t get caught in the VAT penalties net

The 50th anniversary of the UK’s introduction of VAT was earlier this year, but despite being around for a while, many VAT-registered businesses still find VAT too complex and confusing....

General News & Developments

Guidance on deferring your state pension

With HMRC under pressure to collect more tax owed, it is moving away from the tolerance shown during the pandemic and back towards a normal level of debt enforcement activity. ...

General News & Developments

Fraud countermeasure drives R&D tax relief changes

The level of fraudulent claims being made for research and development (R&D) tax relief has prompted HMRC to introduce a new procedure...

General News & Developments

Finalising returns figures and filing early

HMRC is chasing taxpayers who have submitted tax returns for 2021/22 containing unresolved provisional figures, while also extolling the benefits of filing early for 2022/23....

General News & Developments

Behind the numbers on income tax

New income tax statistics from HMRC appear to be good news, but the numbers are not what they seem. ...

General News & Developments

Agri-tax reliefs set for restrictions

Draft legislation has been published that will, from 6 April 2024, restrict the geographical scope of agricultural relief and woodlands relief to property in the UK....

General News & Developments

New PAYE process for High Income Child Benefit Charge

One of the many criticisms aimed at the High Income Child Benefit Charge (HICBC) is that anyone caught by the charge needs to submit a self-assessment ...

Announcements

Clark Andrews CA joins Martin Aitken

Clarkston-based Clark Andrews, a progressive and well-established chartered accountancy firm founded in 2005 by Robert Andrews and ...