As the year winds down, many businesses face the challenge of managing holiday payroll. With extra considerations for holiday pay, changing schedules, and seasonal staff, the end-of-year period can quickly…
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Residency-Based Taxation Replacing ‘Domicile’ Concept Significant changes have been announced for UK resident non-domiciled individuals—those who spend substantial time in the UK without intending to settle permanently. Starting 6 April…
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For employees the national insurance rates and thresholds for employees in the 2025/26 tax year are as follows: Earnings below the LEL do not qualify for National Insurance contributions or…
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Employers are required to pay at least the National Living Wage for workers aged 21 and over, or the National Minimum Wage for younger workers and apprentices. Minimum hourly rates…
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The table below sets out the HMRC advisory fuel rates from 1 June 2024. These are the suggested reimbursement rates for employees' private mileage using their company car. When…
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The Low Emission Zone (LEZ) in Dundee will officially start enforcing fines from 30 May 2024. Notably, the front of MMG’s Dundee office at 78 – 84 Bell Street, Dundee,…
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On top of the major changes to research and development (R&D) tax relief that took effect from 1 April 2023 there are yet more changes that take effect from 1…
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As announced in the Spring Budget, the beneficial tax treatment of furnished holiday lettings (FHLs) will be abolished from 6 April 2025, when the business will start being taxed in…
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