If you need to file your tax return for 2022/23 self-assessment and you have not already done so, you will need to file your return online by midnight on 31 January 2024 to avoid an automatic late filing penalty.
In a landmark move towards menstrual equality the UK Government has recently removed VAT on period pants. This marks a significant step forward in the fight against period poverty and helps to ensure access to essential menstrual products for all.
The UK Chancellor, Jeremy Hunt, will present the Spring Budget 2024 on 6 March 2024.
HMRC has published the latest advisory fuel rates (AFR) for company car users, which applies from the 1st December 2023. The rates for some petrol engines and all vehicles with diesel engines increased by 1p per mile
January deadlines are fast approaching and taxpayers must undertake various tasks, such as filing returns and paying tax, by certain dates. If these deadlines are missed, HMRC may charge late filing and late payment penalties. What are the January deadlines and key dates?
The new year marks the start of new beginnings, so there’s no better time to revisit your personal financial planning strategy.
If you are thinking of setting up a business, or if you operate as a sole trader, you may be considering the question, should you incorporate?
NIC changes were announced in the Autumn 2023 Statement and as a result the main rate of Class 1 NIC payable by employees will reduce from 12% to 10% from 6 January 2024
In a strategic move to combat tax avoidance within the cryptocurrency world, HMRC unveiled a strategic and targeted campaign on 29 November 2023 on Crypto Assets. The HMRC initiative urges cryptocurrency investors to proactively address any outstanding tax liabilities they may have.
Fuel scale charge – to be effective in eliminating the tax charge on fuel for private travel in a company car, the employee must ‘make good’ the cost of all fuel for private journeys in the tax year.
When is tax advice, not tax advice? We believe the answer is when it’s given by ChatGPT! Harber v HMRC [2023] TC09101 is probably the first reported case of this kind in the UK.
MTD for ITSA, what’s the latest? It’s crucial for landlords and self-employed individuals with a turnover of more than £10,000 to understand and prepare for Making Tax Digital for income tax self-assessment
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