Tax Diary December 2024/January 2025
1 December 2024 – Due date for Corporation Tax payable for the year ended 28...
Seven year rule still applies – IHT PETs
There are specific rules regarding the liability to Inheritance Tax (IHT) on gifts made during a person’s lifetime. In most...
Providing Business Christmas Gifts
Providing Christmas gifts can be a thoughtful gesture, but it’s essential to understand the tax consequences to avoid unexpected liabilities....
Crack down on subscription fine print
In a recent news story issued by the Department for Business and Trade a consultation was launched to crack down...
Small businesses – top seven concerns
Small businesses in the UK are currently navigating a complex financial landscape, facing several significant challenges that impact their operations...
Reporting of Profit and Loss details when filing accounts at Companies House
Recent legislative reforms have brought significant changes to how companies report profit and loss (P&L) details when filing accounts with...
Base rate cut
The Bank of England has cut its base interest rate again, this time lowering it from 5% to 4.75%. This...
Consider the HMRC app
In an attempt to popularise the use of its app, HMRC is launching a new advertising campaign aimed in particular...
Managing increase in Employers NIC
The upcoming increase in employer National Insurance Contributions (NICs) in the UK, set to rise from 13.8% to 15% from...
Consequences of the NLW and NMW rate increases next year
The proposed increases to the UK National Minimum Wage (NMW) and National Living Wage (NLW) set for April 2025 are...