Specialist Tax News

The current State Pension is £11,502 and is due to rise to around £12,000 a year for 2025/26. At current annuity rates it would cost over
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HMRC have recently increased their use of “one to many” or “nudge” letters to taxpayers which suggest that there may be errors or omissions in tax
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We have also become aware of scam letters and emails purporting to be from HMRC being sent to taxpayers. These letters request important personal information which
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Date What’s Due 1 October Corporation tax for year to 31/12/23 unless you pay by quarterly instalments. 5 October Deadline for notifying HMRC of chargeability for
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Will increased capital gains tax (CGT) mean less tax gets paid? The Labour Party’s 2024 manifesto said, ‘We will not increase National Insurance, the basic, higher,
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Many wealthy individuals are apparently passing on substantial amounts of their wealth in anticipation of possible changes to inheritance tax (IHT) in Labour’s first Budget on
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With the ever-increasing costs of childcare, a very attractive benefit provided by more and more employers is a creche or nursery for employees’ children. If correctly
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The Government’s Tax-Free Childcare Accounts provide a 25% subsidy towards the cost of childcare. The account can be used to pay nursery fees, breakfast clubs, after
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It was originally proposed that from 2025/26, employers would be required to provide more detailed information on employee hours worked via real time information (RTI) PAYE
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The table below sets out the HMRC advisory fuel rates from 1 September 2024. These are the suggested reimbursement rates for employees' private mileage using their
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Date What’s Due 1 September Corporation tax for year to 30/11/23 unless pay by quarterly instalments 19 September PAYE & NIC deductions, and CIS return and
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It has recently been reported over half a million taxpayers paid a marginal income tax rate of 60% in 2022/23, up by 23% from the number
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