For 2022/23, the tax gap has increased to a record £39.8 billion, with small businesses being blamed for around 60% of uncollected taxes.
Author: Ammu Accounting
From victory to Budget? Labour’s first 100 days
With a majority of over 200 and a weight of expectations, what happens next for Sir Kier Starmer’s new Labour government? The importance of the first 100 days of a new government cannot be understated. Within that period the new […]
A warning for iPhone owners
HMRC is warning iPhone users about a new wave of scam text messages claiming to be about tax refunds.
New carer’s leave in effect
Employers need to be aware that since 6 April 2024, employees are entitled to take a week’s unpaid leave each year if they need to fulfil caring responsibilities for a dependant.
Child benefit charge changes confirmed
Taxpayers will benefit from the changes made to the high income child benefit charge thanks to all tax measures from the March 2024 Budget being enacted before parliament was prorogued.
The first election tax stories
Within one week of the surprise firing of the general election starting gun, both the Conservatives and Labour have been promoting their tax plans.
Not in the NIC of time
A useful new web tool has emerged, a little late in the game, in a joint effort from two government departments.
Rishi Sunak Announces Early General Election: Key Dates and Tax Policy Insights
The Prime Minister Rishi Sunak surprised everybody on 22 May – including many in his own party – with his announcement of a general election on Thursday 4 July
Electric vehicles can boost income with salary sacrifice
It may seem counter-intuitive, but taking a pay cut and opting for a salary sacrifice scheme with an electric car can boost take-home pay thanks to tax and national insurance contribution (NIC) savings.
The importance of a well-drafted will
The risk of relying on homemade wills was highlighted in a recent case where a will was held to be invalid.
Landlord update on Renters Reform Bill
The Renters Reform Bill has finally completed its passage through the House of Commons with important concessions made in favour of landlords.
Have you overlooked a changed tax status?
With allowances frozen or cut, you may have underpaid tax for 2023/24.