On the 6th of April 2024, the clawback threshold for the high-income child benefit charge (HICBC) w...
Read Article 10th Sep 2024
16th Aug 2024
Cash Basis Becomes Default Accounting Method
'Cash basis' is a way to work out your income and expenses for your Self Assessment tax return, if...
Read Article 29th Jul 2024
Claiming Capital Allowances In Partnerships
HMRC has clarified the rules relating to capital allowances claims in mixed partnerships, confirmin...
Read Article 15th Jul 2024
Energy Saving Materials Relief Extended From February 2024
Following the Spring Budget 2023, HMRC began exploring how the scope of the VAT zero rate for the...
Read Article 26th Jun 2024
Compensation For Sub-postmasters Following Horizon Scandal
There are three forms of compensation being awarded to sub-postmasters following the Horizon scanda...
Read Article 21st Jun 2024
Payrolling Of Benefits To Become Mandatory
Earlier this year, HMRC announced that from April 2026, it will become mandatory to report and pay...
Read Article 29th May 2024
Basis Period Reform: How Will It Impact Student Finance?
Following a request from a tax reform group, HMRC and the Department of Education have confirmed ho...
Read Article 14th May 2024
Fuel Reimbursement Rates For Business Travel Have Changed
HMRC's latest rule adjustment has changed the recommended reimbursement rates for employees reclaim...
Read Article 26th Apr 2024
Crypto Investors Urged To Declare Gains
Following concerns about the non-compliance of cryptoasset owners in relation to tax disclosure, HM...
Read Article 11th Apr 2024
Making Tax Digital: Quarterly Update Returns
As part of HMRC’s mission to ‘Make Tax Digital’ (MTD), they’ve announced the mandatory date...
Read Article 14th Mar 2024
Spring Budget 2024 – Everything You Need To Know
Last week, the Chancellor presented the Spring Budget 2024, which included several changes that wou...
Read Article