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The latest Monthly Newswire outlines 39 new tax simplification, administration, and reform measures announced by James Murray, the Exchequer Secretary to the Treasury. These measures aim to reduce burdens on employers and small businesses while modernizing HMRC systems. A notable highlight is the delay in the mandatory payrolling of benefits in kind, now postponed to April 2027, providing employers with additional preparation time.
Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further. Spotlight 69: Another tax loophole closed HMRC have published Tax Avoidance Spotlight 69 ‘Liquidation of a Limited Liability Partnership used to avoid Capital Gains Tax’, highlighting a scheme used by landlords to…Read More
Welcome to the June 2025 edition of Tax E-News. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. HMRC SPRING TAX UPDATE On 28 April 2025, the Government made several tax policy announcements, launched consultations and confirmed previously announced developments. Key points included: •…Read More
Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further. Furnished Holiday Lets: A New Era The Furnished Holiday Lettings (FHLs) regime was abolished from 6 April 2025. What does the abolition mean for your holiday letting property? The property will become…Read More
Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further. Commonhold White Paper – the end of the leasehold system The government published the Commonhold White Paper on 3 March 2025. Under the new plans, new leasehold flats will be banned and…Read More
Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further. Major new plans to modernise home buying On 9 February 2025, the government announced reforms to the home buying/selling process, which will reduce the time it takes to buy or sell a…Read More
Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further. Renters’ Rights Bill continues to progress The Renters’ Rights Bill returned to Parliament for debate on 14 January and included some new changes:Cap on advance rent payments A new rule is proposed…Read More
Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further. MTD for Income Tax Prior to the Autumn Budget, there was hope that the new Labour Government might further delay the introduction of Making Tax Digital for Income Tax (MTD for IT).…Read More
Stay informed with the latest property news for December 2024 from Stevenage Accountants. Get expert insights on market trends, house price changes, and rental demand. Discover essential advice to navigate the property landscape effectively
Weekly pay, where employees receive their wages every seven days, is common for businesses with part-time or hourly workers. While it offers certain advantages, it’s essential to understand both its benefits and potential challenges. Calculating Weekly Pay: Two Approaches There are two primary methods for calculating weekly pay in the UK: 1. Converting Annual Salary…Read More
As a UK employer, understanding the intricacies of holiday pay calculation is crucial for maintaining a satisfied workforce and staying compliant with employment laws. This guide will walk you through the essentials, providing practical examples and insights into recent changes that might affect your business. The Foundations of Holiday Pay In the UK, all employees…Read More
As the director of a small company, it’s easy to forget that you’re also considered an employee for many purposes. This dual role includes certain rights, including Statutory Sick Pay (SSP) entitlement. However, many directors need to pay more attention to this benefit, unaware of its potential advantages. Let’s delve into the world of SSP…Read More
Bank of England interest rate: potential impact on mortgages On 9 May 2024, the Bank of England announced that the interest base rate will be held at 5.25%. The governor has said that he is “optimistic that things are moving in the right direction” but needs to “see more evidence” of falling inflation before cutting…Read More
Welcome to the June edition of Tax E-News. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. Jump to Diary Dates June 2024 REPORT EMPLOYEE BENEFITS ON FORM P11D BY 6 JULY P11d forms for reporting expenses and benefits in kind provided to employees…Read More
This article explores strategies for tax efficiency in business operations, including utilising tax reliefs and savings, enhancing cash flow and profitability, leveraging expert advice, investing in business growth and market expansion, and utilising personal tax allowances and strategies for owners. Introduction to Tax Efficiency Strategies in Business Operations Tax efficiency is a crucial business cornerstone,…Read More