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Roadside charging – How to account for credit card payments - June 6, 2023
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With a growing number of company car owners using electric vehicles, many are deciding or being permitted to use company credit cards to pay for roadside charging. However, what are the implications of… |
Late interest penalties hit 1.4 million taxpayers – and it could get worse - June 6, 2023
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The 2020/21 tax year saw 1.4 million people charged interest on overdue tax payments – a 15 per cent increase on pre-pandemic figures. The data was released after a Freedom of Information request by… |
Trivial benefits in kind and the advantages they give to employers - June 6, 2023
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It is important for employees to feel valued in the workplace. A lot of the time, it is the little things that employers can provide to their staff that have the most substantial impact. One such ‘little… |
Changes to free childcare, but higher earners will still miss out - June 6, 2023
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In the Spring 2023 Budget, the Government laid out plans to shake up the current free childcare system – but many higher earners will be disappointed to find that the changes keep them excluded from… |
Constantly asked for pay rises? Here is what you need to know about pay in the UK - June 6, 2023
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As an employer, you will likely face the delicate situation of employees asking for pay rises. With the cost-of-living crisis and rise in inflation, these requests will have become more frequent as people… |
P11D – Are you ready to report and pay tax on Benefits in Kind? - May 5, 2023
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Benefits in Kind (BIK) cover a number of different perks or additional payments made by employers to their employees. They can include any of the following: Private Healthcare Loans Company cars Loans… |
Changes to the repayment of Student Loans begin in August - May 5, 2023
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The way in which Student Loans are repaid is changing and employers need to be prepared. Currently, graduates and students who have taken out student loans are required to repay their loan when they earn… |
Fiscal drag bites on earners - May 5, 2023
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Changes to personal tax allowances and higher interest rates have seen a growing number of people being affected by fiscal drag. Fiscal drag is the phenomenon where taxpayers are pushed into higher tax… |
What is the Residence Nil-Band Rate? And why does it matter to you? - May 5, 2023
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The Residence Nil Band Rate (RNRB) was introduced by the Government in 2017 and benefits families passing on their main property to a direct descendent. Since its introduction, millions of families around… |
Landlords are latest group targeted by HMRC ‘nudge’ letters - May 5, 2023
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Residential landlords are the latest group to have been targeted in receiving ‘nudge’ letters from HM Revenue & Customs (HMRC). The letters are part of a targeted ‘nudge’ campaign from HMRC… |
Latest News
Mar
The Chancellor delivered his 2024 ‘Budget for long-term growth’ in the face …
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Mar
You may have already heard that the Chancellor, Jeremy Hunt, has announced an …
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Spring Budget 2024
The latest Budget was an important speech for the Chancellor, Jeremy Hunt...
