News
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Importing or exporting for the first time?
- 20th February 2024
- Posted by: admin
- Category: News
No CommentsIf you are considering selling or buying to or from companies based outside the UK, you may well be overawed by the plethora of regulation you are required to be familiar. As a first step, you could make use of the GOV.UK website and access HMRC’s “digital assistant”. You could use this to find out
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Companies House scams – guidance updated
- 15th February 2024
- Posted by: admin
- Category: News
Companies House published guidance titled ‘Reporting scams pretending to be from Companies House’ has been updated. The list is intended to help people check if contacts purporting to be from Companies House are actually a scam. The guidance contains a list of emails, letters and phone calls that are fraudulent. The guidance can be useful
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Automatic enrolment earnings trigger and qualifying earnings band review
- 12th February 2024
- Posted by: admin
- Category: News
Following its annual review of the automatic enrolment earnings trigger and the lower and upper limits of the qualifying earnings band for the 2024/25 financial year, the government has confirmed that all three current rates will be frozen. This means that: the automatic enrolment earnings trigger will remain at £10,000 the lower limit of the
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Tax Diary March/April 2024
- 9th February 2024
- Posted by: admin
- Category: News
1 March 2024 – Due date for Corporation Tax due for the year ended 31 May 2023. 2 March 2024 – Self-Assessment tax for 2022-23 paid after this date will incur a 5% surcharge unless liabilities are cleared by 1 April 2024, or an agreement has been reached with HMRC under their time to pay
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Energy-saving materials VAT notice
- 8th February 2024
- Posted by: admin
- Category: News
There are special rules that govern when the installation of energy-saving materials and heating equipment is zero-rated or reduced-rated for VAT purposes. HMRC has recently updated the applicable notice Energy-saving materials and heating equipment (VAT Notice 708/6). The notice has been updated to include guidance on the extension of the scope of the energy-saving materials
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Does your business offer customs services?
- 6th February 2024
- Posted by: admin
- Category: News
If your business does offer customs services, did you know that HMRC could offer you a free listing on their published lists. HMRC do not vet, approve or recommend individual firms. Information is simply provided to HMRC by customs agents and fast parcel operators and listed as presented. However, many businesses that need the services
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Requesting an SA302 tax calculation
- 1st February 2024
- Posted by: admin
- Category: News
The SA302 tax calculation and tax year overview documents are commonly used as evidence of income for loan or mortgage purposes for the self-employed. The forms have become more widely used since the mortgage rules have required proper evidence of income for the self-employed. The SA302 provides evidence for the last 4 years self-assessment tax
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Removal of minimum wage exemption for live-in domestic workers
- 29th January 2024
- Posted by: admin
- Category: News
The National Minimum Wage (Amendment) Regulations 2024 will come into force on 1 April 2024. They will amend the National Minimum Wage Regulations 2015 to remove the current exemption from the minimum wage for live-in domestic workers, such as au pairs and nannies. From 1 April 2024, such workers will therefore need to be paid
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Tax exempt gifts
- 25th January 2024
- Posted by: admin
- Category: News
Many taxpayers are aware that there is an annual inheritance tax exemption of £3,000 for gifts, this can be carried forward to the following tax year if not used to make a maximum gift of £6,000. You can also give as many gifts of up to £250 per person as you want during the tax
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Immigration (Health Charge) (Amendment) Order 2024 passed
- 23rd January 2024
- Posted by: admin
- Category: News
Later than expected, the Immigration (Health Charge) (Amendment) Order 2024 will come into force on 6 February 2024 and will apply to applications for leave to enter or remain made on or after that date. The Order increases the main Immigration Health Surcharge (IHS) from £624 to £1,035 per person per year. The IHS for