Latest Tax News

Latest Tax News

I have just received the attached from my professional subscription service. Basically, it means that there is next to no chance nowadays of getting any kind of an answer from a human being in HMRC on any tax question. You will have to use HMRC’s online services or...
Pension Funds and Limited Company Contributions

Companies House fees from 1 May 2024

Changes to Companies House fees. Company incorporation and registration fees TransactionChannelNew feeIncorporationDigital£50Incorporation (same day)Software£78IncorporationSoftware£50IncorporationPaper£71Registration under s1040 (Part 33 Chapter 1)...
Budget 6 March 2024

Budget 6 March 2024

The Chancellor delivered his Spring Budget on 6 March 2024. This is a summary of how it may affect you. More details should be announced by the Government in due course. National Insurance From 6 April 2024, the main rate of employee’s NIC is reduced to 8 per cent,...
Budget 6 March 2024

Tax Tribunal Hearing

On 31 January 2023, I am due to attend a tax tribunal with a view to considering whether one of my clients should, or should not, have applied for grant funding from the Government for businesses affected by the Covid pandemic. One of the questions that I hope we will...
Changes to tax for the self-employed

Changes to tax for the self-employed

This affects everyone who is self-employed, including partners in partnerships. At present, if you are self-employed and your accounting date (that is, your business year-end) is not 31 March or 5 April, your profits are taxed in the tax year in which your accounting...