Changes to the High Income Child Benefit Charge The government announced the changes to the High Income Child Benefit Charge, and an increase to the threshold to £60,000 from 6 April 2024, with a taper up to £80,000. The charge will be 1% of the Child Benefit for...

We would like to inform you of significant upcoming changes to the Construction Industry Scheme (CIS) that will take effect from 6 April 2024. These changes aim to streamline processes and enhance compliance measures within the construction sector. Key Updates: 1....

There are lots of positives in relation to NEST pensions, but that does not mean it is the best option for you. There are also some significant negatives. Whether NEST is a good option for you depends on your personal circumstance! So, what are some of the positives? ...

From 1 April 2023, the main rate of corporation tax increases to 25%, but companies with sufficiently small profits will continue to pay only 19%. Under the new rules The small profits rate of 19 % will apply if a company’s relevant profits (referred to as its...

National Insurance Contributions (NICs) Reduction - Employee NICs rate cut from 10% to 8%, starting April 6, 2024 - Self-employed main rate Class 4 NICs reduced from 9% to 6% - Abolition of the Class 2 NIC requirement for the self-employed High-Income Child Benefit...

If you have a high attitude to risk and a high-income tax bill, VCT and EISs may be appropriate for you given their significant tax benefits! Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EIS) are complex tax planning products designed to encourage...

With 5th April rapidly approaching, now is a great time to review your investments and tax position. If you want to pay less Corporation Tax get in touch today! Pension contribution are a great way to save tax and invest for the long term! We can help you set up or...

HMRC is cracking down on company directors suspected of not declaring their taxable income from dividends. If you're receiving dividends, it's time to pay attention! HMRC is sending letters to company owners as a friendly nudge to declare any dividend income that...

Business rates are charged on most non-domestic properties, like: Shops Offices Pubs Warehouses Factories Holiday rental homes or guest houses You’ll probably have to pay business rates if you use a building or part of a building for non-domestic purposes. What to pay...

How to treat Input Tax: Pre-registration, Pre-incorporation and Post-deregistration claims to Input Tax under Regulation 111? Background Only a person who is already registered for VAT can exercise the right to deduct input tax. However, there are certain...