by David Winfield | Jan 4, 2025 | Accounting News
It’s that time when the Christmas financial hangover hits and your self-assessment bill is on the way, so you might need a little extra from your company to get you through. What are the most tax-efficient options? As a company owner manager, if you’re looking for...
by David Winfield | Nov 22, 2024 | Accounting News
The Budget contained announcements regarding the rollout of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA). The corresponding HMRC guidance has now been updated. What’s the latest position? The current timetable for mandating into MTD ITSA is as follows:...
by David Winfield | Nov 18, 2024 | Accounting News
The Budget included headline-grabbing tax changes but others were buried in the fine print. What were they and how might they affect you? Headlines. Undoubtedly the biggest changes announced in the Autumn Budget were those affecting employers’ NI, pensions and...
by David Winfield | Nov 13, 2024 | Accounting News
Late payment interest rates on underpaid taxes will soon decrease again due to the recent reduction in the Bank of England’s base rate. What are the new charges? On 7 November 2024 an announcement confirmed a reduction in the Bank of England base rate to 4.75% from...
by David Winfield | Oct 31, 2024 | Accounting News
Today we had the first Labour budget since 2010. What are the key takeaways? Income and personal taxes. In keeping with pre-election promises, there will be no changes to the current bands or rates for income tax, primary Class 1 NI, Class 4 NI or dividends. An...