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...
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 14, 2024 | Uncategorized
Paper tax returns. If you prefer to fill in your tax return on paper, you have until midnight on 31 October 2024 to deliver it to HMRC. If you miss the deadline you’ll be fined £100 with the possibility of additional fines depending on how late the retun is....
