HMRC has released an update of its detailed guidance on PAYE and NI procedures for 2023/24. What does the guidance cover and what are the key changes?
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In its 100th Employer Bulletin HMRC is encouraging employers to let employees know where there are work-related expenses and allowances that they can claim tax relief on. What qualifies and what’s
the best way to claim the relief?
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One of the payroll settings for an employee was incorrect which ended up with them paying more NI than they should have. How should you correct this error?
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For payroll professionals the calendar is always busy, however never more so than at the payroll year end. There are multiple tasks to think of and deadlines to hit. What are the important actions
you need to take?
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Company cars have always been a popular benefit. In recent years, increasing tax costs have seen more employees opting for hybrid models. How have recent changes affected this strategy, and how can
our calculator help?
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As a trader you can deduct certain costs from your income when working out your tax bill. However, HMRC may want to see evidence that these have been assessed correctly. How can our business mileage
record help?
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You’ve just started a new business and in so doing incurred quite a bit of pre-registration VAT on the set-up costs. Can you reclaim this VAT and, if so, what’s involved?
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It’s easy to ignore inheritance tax (IHT) as it’s usually your beneficiaries and not you who pick up the tab. But there are simple steps you can take to reduce their tax burden. What’s involved, and
how can our calculator help?
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With the tax return filing season underway, it’s a good time to look at the specific considerations for the 2020/21 year. How can you ensure you don’t forget anything crucial?
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Does this SDLT avoidance trick work?..Q. We are due to purchase a leasehold interest (a 20-year lease) in a very large new commercial premises. We will pay a seven-figure premium upfront with another
amount payable as an annual rent. I’ve read that in these circumstances we have to pay stamp duty land tax (SDLT) on the first five years’ rent, so...
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