With the 31st of January self-assessment deadline just around the corner, HMRC is urging taxpayers to stay vigilant against scams. Over the past year, scam reports to HMRC have risen…
Read more
Before the Autumn Budget, there was some hope that the new Labour Government might delay the rollout of Making Tax Digital (MTD) for income tax. However, this wasn’t the case.…
Read more
The Scottish Budget, presented on the 4th of December, included key updates on the Scottish Rate of Income Tax (SRIT) and Land & Buildings Transaction Tax (LBTT). Scottish Rate of…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more