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Posts by Paige Collins

The National Insurance Tax Cut

For employees, the national insurance cut announced in the Autumn Statement took effect on 6 January.  For many years, successive governments have been happy for the public to vaguely believe that national insurance contributions (NICs) are building up in some national benefit fund, rather than representing just another tax on...

Updated tax guidance for electric company car charging

HMRC has updated its guidance to clarify that there is no taxable benefit when an...

The Decline of Trusts

The number of trusts filing self-assessment tax returns for 2021/22 was 37% lower than for...

R&D tax relief schemes set to merge, but concerns remain

The two existing research and development (R&D) tax relief schemes are set to merge. However...

NIC reforms for the self-employed

National insurance contribution (NIC) changes for the self-employed announced in the Autumn Statement come in from 6 April 2024 and...
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VAT registration goes online only

HMRC is moving ahead with its ‘digital by default’ ambition by pushing VAT registration to online only. Any business unable...
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National Living and Minimum Wages increase

Minimum wage rates will see substantial increases from 1 April 2024 – welcome news for younger workers and apprentices, but...
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Free property alerts for landlords

Landlords in England and Wales might not be aware, but there is a free property alert service that monitors any...
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Cash basis to become default

From 2024/25, restrictions to the cash basis will be removed, making it the default method for calculating trading profit for...
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Handy hints ahead of self-assessment

The 31 January 2024 deadline for submitting a 2022/23 self-assessment tax return is not far off, especially for those not...
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