Latest news and updates
You can typically claim tax relief on private pension contributions up to 100% of your annual earnings, subject to certain limits. Tax relief is...
26/09/2024
The freezing of tax thresholds often leads to a phenomenon known as fiscal drag. When tax thresholds remain unchanged, taxpayers will likely pay more...
There are special VAT rules that allow two or more companies or limited liability partnerships, commonly referred to as ‘bodies corporate’, to be...
There is a tax-free limit of £30,000 for redundancy pay regardless of whether it is your statutory redundancy payment or a higher payment from your...
The Office for Budget Responsibility (OBR) has offered the following explanation: “Fuel duties are levied on purchases of petrol, diesel and a...
23/09/2024
The government offers the following information regarding business cashflow. If you do not have enough money coming in to pay for goods, services and...
HMRC together with the Department for Work and Pensions (DWP) have issued a press release urging tens of thousands of people to check if they are...
19/09/2024
The Insolvency Service is a government agency that provides services to those affected by financial distress or failure by seeking to tackle financial...
Pension Credits can provide extra income to those over State Pension age and on a low income. The Department for Work and Pensions (DWP) recently...
The deadline for submitting paper self-assessment tax returns for the 2023-24 tax year is 31 October 2024. Late submission of a self-assessment return...
There is a trivial benefit-in-kind (BiK) exemption for small, non-cash employee benefits. This exemption applies to BiKs classified as 'trivial,'...
A partnership is a reasonably straightforward way for two or more legal persons to establish and operate a business with the intent to make a profit....
