It is now confirmed that neonatal leave and pay will come into force from 6 April 2025, providing parents with a right to up to 12 weeks’ leave and pay when their baby requires neonatal care. New right to neonatal care leave and pay confirmed from 6 April, expected to benefit around 60,000 new parents. […]
Current tax legislation tends to incentivise farmers and other business owners to retain ownership of their business until death. When passed on through inheritance, the assets are transferred at their market (probate) value for Capital Gains Tax (CGT) purposes, effectively providing a tax-free uplift in value. Combined with 100% Agricultural Property Relief (APR) and Business […]
From Voluntary Codes to Mandatory Reimbursement Initially introduced in 2019, the Contingent Reimbursement Model (CRM Code) was a voluntary framework under which participating Payment Service Providers (PSPs) reimbursed APP fraud victims if certain conditions were met. By 2023, signatories of the CRM Code accounted for over 90% of reported APP fraud cases. Yet, the voluntary […]
The UK government has announced that from April 2026, employers will be required to report and pay income tax and Class 1A National Insurance Contributions (NIC) on benefits-in-kind (BIK) via payroll software. This new mandate by HMRC aims to streamline the administrative process, simplify reporting, and enhance digitalization of tax payments related to employment […]
Help to Grow: Management is an initiative designed to bolster the resilience and performance of Small and Medium-sized Enterprises (SMEs), which are crucial to the UK’s economy. Addressing the productivity gap in the UK, this program offers comprehensive training for SME leaders, equipping them with the skills necessary to drive growth and efficiency in […]
The new Labour government has published draft legislation that will subject private school fees to VAT beginning on 1 January 2025. This move, which had been outlined in the Labour Party’s manifesto, removes the uncertainty about how these measures would be implemented and their impact on private schools. The draft measures are currently open for […]
Written by Begbies Traynor Unpaid invoices have the potential to disrupt financial stability for limited companies and create a challenging operational environment. The cash shortages that commonly result from overdue or unpaid invoices can be minimised by adopting robust debt collection processes, however. If debt recovery isn’t prioritised and assigned the required urgency, it hampers […]
On 22 May, Prime Minister Rishi Sunak announced that a general election will take place on 4 July 2024, triggering a 6-week campaigning period. No pre-election fiscal statement will take place; instead the government is standing on the drop in inflation to 2.3% and the claim that the economy is now improving. WILL THERE BE […]
When in business, it’s not uncommon to be approached by another business with a view to you buying the business or entering a partnership deal. It might be a competitor that approaches you, or it could be a customer or supplier. Alternatively, you might identify a business that you would like to acquire as part […]
Date What’s Due 1/04 Corporation tax payment for year to 30/6/23 (unless quarterly instalments apply) 5/04 End of 2023/24 tax year. 2024/25 tax year starts on 6 April 19/04 PAYE & NIC deductions, and CIS return and tax, for month to 5/04/24 (due 22/04 if you pay electronically) 1/05 Corporation tax payment for year […]
