The chancellor’s announcement of a 2% cut in national insurance contributions (NICs) for employees applies to payments on or after 6 January 2024. That doesn’t allow much time to update…
Read moreIn recent years many accountants have advised their director/shareholder clients that the most tax efficient method of extracting profit from their family company was to pay themselves a low salary,…
Read moreWhere benefits in kind are provided to employees, this will usually result in an income tax charge on the employee and a Class 1A national insurance (NI) charge on the…
Read moreThe deadline for filing the P11d forms to report benefits in kind in respect of directors and employees for 2022/23 is 6 July 2023. Note that the original and amended…
Read moreMany businesses may have been too short of cash to take advantage of the new super-deduction for investing in new plant in 2021 but may be more confident about investing…
Read moreIn the Spring 2021 budget, the Chancellor announced that there would be eight “Freeports” in England with generous tax breaks to encourage businesses to set up and invest in those…
Read moreThe current business environment is incredibly competitive but as we emerge from the pandemic, consumer demand is increasing, and many sectors have seen labour and material costs rise. As demand…
Read moreMORE TIME TO REPORT AND PAY CGT ON RESIDENTIAL PROPERTY DISPOSAL & NEW RESIDENTIAL DEVELOPER TAX
Nov 11 2021-
Many were expecting substantial changes to capital gains tax in the Autumn Budget, particularly as the Office of Tax Simplification (OTS) had suggested that CGT rates should be aligned with…
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