For a round-up of what the Spring Budget contained and how this might affect you, please read our summary of some of the major changes.
The government announced back in September that the introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) is being delayed by one
The rules for deciding whether a gift given in the course of business is deductible are complex. The rules for business gifts generally follow
The Government giveth, and the Government taketh away – or so it seems. Most COVID support grants paid out by central govenment or though
Your tax code is used by your employer or pension provider to work out how much Income Tax to take from your pay or pension.
Having listened to stakeholder feedback from businesses and the accounting profession, the government have announced that they will introduce Making Tax Digital (MTD) for
The assessment of self-employed or partnerships profits is usually relatively straight-forward if the accounting date – the date to which accounts are prepared – falls between 31 March and 5 April. However, overlap profits can arise where a business
New health and social care Levy to be introduced across the UK to provide extra cash to reform the Health and Social care systems
A thought-provoking question that has been asked by one of our readers is whether professional gambling is a trade or not. The answer to this question might surprise you. According to HMRC and reinforced by a number of court cases is the answer that
When total deductions due for company benefits, state pension, or tax owed from previous years exceed an employee’s personal allowance.
If you lost your job after 28 February 2020, your previous employer could have agreed to re-hire you and then place you on furlough. However, there is no compulsion on the part of your ex-employer to do this and many firms have been reluctant to make
If you had a student loan and have finished your studies and entered the workforce you must begin to make loan repayments from the April after you have finished your studies or when your income begins to exceed the annual threshold. The annual
