Competitive disadvantages
June 13, 2024

The new Economic Crime and Corporate Transparency Act mandates that small companies and micro-entities will have to file at Companies House accounts, that for the first time, will need to include a profit and loss account.

Apparently,...

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Providing living accommodation to employees
June 11, 2024

If you provide free accommodation to employees the deemed benefit is taxable, and you will have to pay Class 1A NIC based on the value of the benefit provided.

What’s exempt?

You will not have to report...

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Consumers have new online protection
June 6, 2024

The Digital Markets, Competition and Consumers Act has become law after receiving Royal Assent.

The Act paves the way to give consumers rights across the UK, with greater control and clarity over online purchases.

It does this...

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Out of interest
June 5, 2024

Usury is defined as the practice of making loans that are unfairly enriching the lender. And we must take comfort that most lenders in the UK are limited by legislation to keep rates charged at a reasonable level; unless, of course, you are a...

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Tax Diary June/July 2024
June 4, 2024

1 June 2024 - Due date for corporation tax due for the year ended 31 August 2023.

19 June 2024 - PAYE and NIC deductions due for month ended 5 June 2024. (If you pay your tax electronically the due date is 22 June 2024).

19 June...

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Changes to Companies House fees
June 4, 2024

There have been a number of significant changes in Companies House fees. These changes took effect on 1 May 2024. The last significant change in fees occurred in April 2016.

The new fees have been calculated on a ‘cost...

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Register an overseas company
June 4, 2024

An overseas company must register with Companies House if they want to set up a place of business in the UK. This would mean that the overseas company has a physical presence in the UK through which it carries on business.

If an...

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Time to renew tax credits
June 4, 2024

HMRC is currently sending the annual tax credit renewal packs to the 730,000 tax credit claimants and is encouraging recipients to renew their tax credits claim online. HMRC started writing to taxpayers on 2 May and expects all packs to be with...

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New law on tipping
June 4, 2024

Millions of UK workers will take home an estimated £200 million more of their hard-earned cash, as employers are banned from withholding tips under the Employment (Allocation of Tips) Act 2023. The act received Royal Assent 2 May...

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Do not reply to this letter from Companies House
May 30, 2024

In a recent email Companies House warned company owners to ignore a letter purporting to be from Companies House.

Basically, the letter claims you need to make payment for Enhanced Web Filing Access.

This is a scam letter. Do...

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