by David Winfield | Oct 30, 2024 | Accounting News
The Living Wage Foundation has announced that its voluntary real Living Wage has risen by 60p to £12.60 per hour and in London by 70p to £13.85 per hour. How do these rates compare to the government’s mandatory national living and national minimum wage rates? The...
by David Winfield | Oct 24, 2024 | Accounting News
If you’re a director or employee and pay subscriptions to a professional body, you’re entitled to corresponding tax relief if the organisation has been approved by HMRC. In September 2024 HMRC updated its list (known as List 3) of approved...
by David Winfield | Oct 2, 2024 | Accounting News
“Non-dom” describes a UK resident whose permanent home – or domicile – for tax purposes is outside the UK. It refers to a person’s tax status, and has nothing to do with their nationality, citizenship or resident status – although...
by David Winfield | Oct 4, 2021 | Accounting News, Uncategorized
HMRC has explained the circumstances in which it will consider not charging a late payment penalty under the new regime. What’s the full story? New penalty rules recap. The new regime for penalties for late tax payments will be phased in from April 2022 starting with...
by David Winfield | Sep 20, 2021 | Accounting News, Uncategorized
Boris Johnson has announced that NI and dividend tax rates will be hiked to help fund social care and clear the NHS backlog. Who will be affected and by how much? Firstly, NI rates will increase by 1.25% from April 2022. This will apply to both primary and secondary...
by David Winfield | Aug 16, 2021 | Accounting News, Uncategorized
Whilst the Finance Bill 2021 was relatively low key, one announcement might mean a year has been slashed from a crucial Making Tax Digital (MTD) deadline for many unincorporated businesses. What’s the full story? A major aim of MTD is to bring the payment date for all...
