by Paul Whyatt | Mar 14, 2024 | News, Personal Tax
Two new savings products have been announced, aimed at supporting growth of UK companies and encouraging a culture of saving. Individuals can currently deposit up to £20,000 each year into an individual savings account (ISA). This is a sensible move as any interest...
by Paul Whyatt | Feb 23, 2024 | Business Advice, News, Other Insights
In October 2023, the Economic Crime and Corporate Transparency Act became law. This Act introduces the biggest change to the way Companies House operates since corporate registrations were established in 1844. The Government’s stated aim is to give Companies House the...
by Paul Whyatt | Feb 9, 2024 | Business Tax, News, Personal Tax
HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation. Until now, the guidance in the Employment Income Manual (EIM23900) has contradicted the legislation in advising that...
by Paul Whyatt | Feb 6, 2024 | News, Other Insights, Taxation
HMRC has set out its intention to collect data relating to trade sectors, locations, occupations, hours worked, shareholdings and dividends paid, and self-employed trading dates. Draft legislation has been released that provides for regulations to adjust the personal...
by Paul Whyatt | Apr 14, 2023 | News, Taxation, VAT
In addition to the new VAT late-filing penalties there is also a new system of penalties for late paid VAT. For VAT periods beginning on and after 1 January 2023, you will have up to 15 days to pay your VAT, or arrange a time to pay agreement, before HMRC charge a...
by Paul Whyatt | Apr 14, 2023 | News, Taxation, VAT
All VAT returns must now be submitted digitally using MTD compatible software (unless the business has an exemption) so the VAT penalties have been revised to fit with this new regime. If you submit a VAT return late for a period starting on or after 1 January 2023,...
