Specialist Tax News

Tax-Free Childcare accounts can be used to pay for approved childcare for children aged 11 or under, or 16 if the child has a disability. This
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Employers may meet the cost of certain social events for staff without creating a tax liability. This used to be a concession but is now a
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The State Opening of Parliament took place on 17 July and the King’s Speech set out the measures that the government intends to introduce during the
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The government has now issued the draft legislation to abolish the special tax treatment of furnished holiday lettings (FHL) with effect from 6 April 2025 for
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On 29 July 2024, the Chancellor announced that as of 1 January 2025, all education services and vocational training supplied by a private school, or a
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Date What’s Due 01/08 Corporation tax payment for year to 31/10/23 (unless quarterly instalments apply) 19/08 PAYE & NIC deductions, and CIS return and tax, for
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Self-employed workers will see a substantial reduction in their Class 4 national insurance contributions (NICs) for the current tax year after two percentage cuts were announced
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Both the Conservative and Labour parties have pledged not to increase income tax, national insurance or VAT, although the Labour party have pledged to introduce VAT
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The Institute of Fiscal Studies (IFS) indicates charging VAT on private schools would generate revenue of £1.6bn per year, which Labour claim would fund 6,500 extra
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The time of supply is the earlier of: the date when the supply is ‘really’ made, referred to as the basic tax point; the date when
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As mentioned in the diary of main tax events, form P11D for reporting benefits provided to employees and directors needs to be submitted online by 6
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If you have children under 12 who attend a nursery, after school club, playscheme or childminder, or you are considering sending them to a summer camp,
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