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.
Author: Ammu Accounting
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.
Daily penalties come in for late self assessment returns
Around 1.1 million taxpayers who failed to submit the self assessment tax return for 2022/23 on 31 January 2024 now face a £10 daily penalty charge by HMRC.
The march of the higher rate taxpayer
New calculations issued alongside the Spring Budget show just how higher rate taxpaying status is becoming ever more common.
The end of multiple dwellings relief
The abolition of multiple dwellings relief under stamp duty land tax in England and Northern Ireland will impact buyers of multiple properties.
Request flexible working rights from day one
From 6 April, employees now have the right to request flexible working from their first day at work. However, the right is still only to make a request and employers are under no obligation to approve it.