For many business owners and investors, the headline news from the 2026 Autumn Budget was what did not change. The Government confirmed that the main rates of Capital Gains Tax (CGT) will remain unchanged. After the annual exempt amount of £3,000, gains will generally continue to be taxed at 18% for basic rate taxpayers and […]
Payroll Changes Every Employer Should Be Preparing For Payroll is becoming increasingly complex, with several legislative changes on the horizon that could impact employers and employees alike. Mandatory Payrolling of Benefits in Kind From 6th April 2027, certain benefits including company cars, fuel benefits and medical benefits will be taxed through payroll in real time […]
When starting a business, or indeed as an established business, choosing the most suitable legal structure for your business is an important thing to consider. Two popular options are operating as a sole trader or forming a limited company. Each of these options comes with its own set of pros and cons, especially when it […]
HMRC recently launched a new campaign targeted at crypto investors as part of a crackdown on tax evasion. They have introduced a new disclosure and payment service for taxpayers to voluntarily disclose and pay any unpaid taxes associated with cryptoassets. Cryptoassets (also known as tokens or cryptocurrencies) include exchange tokens (for example, bitcoin), non-fungible tokens […]
From tax year 2023 to 2024 onwards, the Self-Assessment threshold for taxpayers taxed through PAYE only will change from £100,000 to £150,000. Affected individuals do not need to do anything now as the Self-Assessment threshold for 2022 to 2023 tax returns remains at £100,000. They will receive a Self-Assessment exit letter if they submit a 2022 […]
The table below sets out the HMRC advisory fuel rates that apply from 1 June 2023. These are published quarterly now due to the volatility in petrol and diesel prices in recent years. Where the employer provides an employee with a company car there may be an additional benefit in kind on the provision of […]
Date What’s Due 01/06 Corporation tax payment for year to 31/8/22 (unless quarterly instalments apply) 19/06 PAYE & NIC deductions, and CIS return and tax, for month to 5/06/23 (due 22/06 if you pay electronically) 01/07 Corporation tax payment for year to 30/9/22 (unless quarterly instalments apply) 05/07 Last date for agreeing PAYE settlement agreements […]
