by admin | Mar 8, 2024 | Business, HMRC, Tax, Tax Planning, The Budget, The Economy
On 6 March we saw the Chancellor, Jeremy Hunt, deliver the spring budget ahead of the general election. The ‘Budget for Long Term Growth’ announced the economy is turning a corner with inflation expected to fall, lowering taxes, improving public services and seeing...
by admin | Feb 7, 2024 | Business, HMRC, Self Employed, Tax
At the start of the year, the press widely reported that people with a ‘side hustle’ selling clothes online could ‘end up paying tax on their earnings’ The reporting of this suggested that there were new tax rules, however, that is not the...
by admin | Oct 9, 2023 | Albert's Knowledge Share, Business, HMRC, Payroll, Pensions
Tax relief is available on contributions to registered pension schemes up to certain limits. There are two different methods by which employers can effectively give tax relief on employee contributions – net pay arrangements and relief at source. The names are...
by admin | Oct 5, 2022 | Business
From 1 October 2022 all UK Employers are legally bound to carry out a right to work check on all new employees to prevent illegal working. This has to be carried out before the employment begins. Failure to carry out these checks can lead to penalties of up to £20,000...
by admin | Jan 4, 2022 | Business
From 1 January 2022, goods exported through border locations will be subject to full customs controls. You’ll need to make sure that you have submitted the correct customs declaration. Please follow the link for more details:...
by admin | Dec 2, 2021 | Accountancy, Business, HMRC, Tax
Please remember that Covid grants, including SEISS, are taxable and must be included on your tax return. HMRC have a record or what you received (if you received any) allocated to your unique tax reference (UTR) and they will expect to see these amounts declared on...
