News
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Tech companies assist with fuel price transparency
- 12th March 2024
- Posted by: admin
- Category: News
No CommentsLeaders from top comparison sites, RAC and The AA will be among those meeting the Energy Affordability Minister to help share new fuel price data and keep costs down for motorists. Price comparison sites and map apps will have access to this new data as part of the government’s PumpWatch initiative, which aims to drive
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Updated guidance on reporting hybrid working for sponsored workers
- 11th March 2024
- Posted by: admin
- Category: News
In spring 2023, the government updated part 3 of its sponsor guidance for workers and temporary workers to provide that employers must notify UK Visas and Immigration (UKVI) if a sponsored worker’s normal work location, as recorded on their certificate of sponsorship, changes, including where the worker is to work remotely from home or is
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Spring Budget 2024 – Fuel Duty rates
- 7th March 2024
- Posted by: admin
- Category: News
In the Spring Budget, the Chancellor extended the fuel duty cut for a further 12 months to help support households and businesses at a time of high oil prices. The Chancellor acknowledged that the rising price of fuel places a huge burden on families and businesses. The government was under considerable pressure from consumer and business
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Budget summary 6 March 2024
- 6th March 2024
- Posted by: admin
- Category: News
As expected, the Chancellor has found wriggle room in his fiscal rules that have allowed him to please his fellow Conservatives by reducing the impact of taxation. Not an unfamiliar tactic for a government in a general election year. The impact of tax changes announced are summarised below. Impact on personal finances Further fall in
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New compensation limits from 6 April 2024
- 4th March 2024
- Posted by: admin
- Category: News
The Employment Rights (Increase of Limits) Order 2024 has been laid before Parliament and will come into force from 6 April 2024. The Order increases the limits applying to certain awards of employment tribunals and to other amounts payable under employment legislation. The main changes are: maximum amount of a “week’s pay” which is used
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VAT group registration
- 29th February 2024
- Posted by: admin
- Category: News
There are special VAT rules that allow two or more corporate bodies to be treated as a single taxable person for VAT purposes known as a VAT group. Eligible persons are bodies corporate, individuals, partnerships and Scottish partnerships, provided that certain conditions are satisfied. Bodies corporate includes companies of all types and limited liability partnerships.
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Holiday Lets averaging election
- 29th February 2024
- Posted by: admin
- Category: News
The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for tax purposes. In order to qualify as a furnished holiday letting, the following criteria need to be met: The property must be let on a commercial basis with a view to the realisation
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A new champion for small businesses appointed
- 28th February 2024
- Posted by: admin
- Category: News
An experienced entrepreneur has taken up a key role to promote the needs of small businesses to government and ensure suppliers seize the benefits of the Procurement Act. Shirley Cooper OBE, former chair and president of the Chartered Institute of Procurement and Supply, met Parliamentary Secretary Alex Burghart for the first time as Crown Representative
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524 employers named for breaching minimum wage rules
- 22nd February 2024
- Posted by: admin
- Category: News
524 employers have been named and shamed in a government press release for failing to pay nearly £16 million to over 172,000 workers in breach of the national minimum wage (NMW) legislation. The employers on the list have since paid back what they owed, and they have also faced financial penalties of up to 200%
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Letting part of your home
- 22nd February 2024
- Posted by: admin
- Category: News
In general, there is no Capital Gains Tax (CGT) on a property which has been used as the family's main residence. This relief from CGT is commonly known as Private Residence Relief or PRR. However, where part of the home has been let out the entitlement to relief may be affected. Homeowners that let out part of