Eligibility for the VAT Flat Rate Scheme
March 11, 2024

The VAT Flat Rate scheme is open to VAT registered businesses that expect their taxable turnover in the next 12 months to be no more than £150,000, excluding VAT. The annual taxable turnover limit is the total of everything that a...

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Beware fake tax rebate offers
March 11, 2024

HMRC continues to warn of the ever-present problem of fraudulent phishing emails, suspicious phone calls and texts. These unwanted emails, phone calls and texts are being sent from around the world as HMRC and other agencies continue to combat...

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Budget summary 6 March 2024
March 7, 2024

As expected, the Chancellor has found wriggle room in his fiscal rules that have allowed him to please his fellow Conservatives by reducing the impact of taxation. Not an unfamiliar tactic for a government in a general election...

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New measures to trim energy bills
March 5, 2024

Government has announced a new package of measures to help families save on energy costs and access cheaper deals as figures published recently show energy prices are set to fall to their lowest level since Putin’s invasion of...

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Are you missing out on the Marriage Allowance?
March 4, 2024

According to HMRC, couples who are married or in civil partnerships could be due a financial boost by sharing unused tax allowances.

HMRC has revealed that March is the most popular month for Marriage Allowance (MA) applications, with...

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Government backtracks on Double Cabs Pickups
February 29, 2024

This update is only with reference to DCPUs with a payload of one tonne or more. DCPUs with a payload of less than one tonne continue to be treated as cars.

On Monday 12 February 2024 HMRC updated its guidance on the tax treatment of...

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Skills Bootcamps
February 27, 2024

Skills Bootcamps help you develop new skills that employers are looking for. They are a great opportunity to train in a new industry or progress in your current career.

 

Types of Skills...

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Self-Assessment tax returns 2023-24
February 22, 2024

We have just passed the filing deadline for the 2022-23 tax year, and any 2022-23 returns filed after 31 January 2024 will be subject to late filing penalties.

However, this post is focussed on processing your returns for 2023-24 and...

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Timing in business is everything
February 20, 2024

In a previous blog post we outlined the importance of reviewing your income before the end of the current tax year. The message was a simple one, any meaningful planning has to be implemented - for 2023-24 – before 6 April 2024, the end...

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Support for thousands of pubs
February 15, 2024

More than 38,000 pubs will benefit from the six-month freeze on alcohol duty from 1 February 2024. According to HM Treasury:

  • The great British pub receives further boost from I February as a six-month alcohol duty freeze to 1...

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