Many more sole traders and landlords will be required to comply with making tax digital (MTD) for income tax when the qualifying income threshold is reduced from £30,000 to £20,000.
Continue ReadingPosts Tagged with Christmas 2024
The sunset clause which was set to end the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) scheme on 5 April 2025 has been extended for a further ten years.
Continue ReadingIt is common for some employers to pay their workers earlier than usual in December, for example if the business will be closed during the festive period.
Continue ReadingAs announced in the Autumn Budget, the national minimum wage (NMW) and the national living wage (NLW) are set to increase from April 2025.
Continue ReadingThe changes to capital gains tax (CGT) announced in the Autumn Budget are subject to anti-forestalling rules designed to prevent taxpayers from circumventing the new rates and rules.
Continue ReadingHMRC has tightened up the process for claiming tax deductible employment expenses following a series of high-profile scandals.
Continue ReadingWhen was the last time you checked your national insurance (NI) record for unexpected gaps or viewed your state pension forecast?
Continue ReadingAt the Autumn Budget the Chancellor announced plans to remove the exemption which allows unused pension funds to be inherited tax free.
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