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Another lesson learned in equal pay

Avoid pitfalls in equal pay rules; understand associated employers, comprehensive equality, and job value assessments.

HMRC, eBay and second-hand news

The media storm surrounding HMRC taxing eBay and other online sellers from the start of 2024 was, in fact, itself counterfeit goods.

Increased income – the double-edged sword

Increased income means more than just taxes. Lost benefits & higher tax rates loom. Pensions & ISAs can help navigate the tax trap.

Companies House reform brings tougher company checks

Companies House is introducing wide-ranging reforms. Directors need to get ready for the first tranche of measures.

Moving to Scotland – the cost in tax

Calculate the tax impact of relocating to Scotland. Understand income tax rates, bands, and changes from April 2024.

Business rates relief: extensions and cuts

2024/25 UK business rates relief: 75% discount for eligible properties and Scotland’s 100% relief for island-based hospitality businesses.

Making Tax Digital small business review

MTD for income tax won’t extend to earnings under £30,000. Implementation starts April 2026 for £50,000+ incomes, 2027 for £30,000-£50,000.

ISA reforms from April

April 2024 ISA reforms bring user-friendly changes, allowing multiple subscriptions and greater flexibility in cash and investments.

The national insurance tax cut

UK employees benefit from a 2% NIC rate cut, effective Jan 6, 2024, as the government shifts toward treating NICs as taxes.

Scottish Budget: Additional Announcements

Some other announcements worth sharing include: You can read our Scottish budget economic summary and Scottish budget tax announcements Get in touch today for expert accounting and tax advice.

Scottish Budget: Tax Announcements

Income tax The structure of Scottish income tax will change in 2024/25: Scottish taxpayers – non-dividend, non-savings income 2024/25 2023/24 Tax Rate Tax Rate Starter rate on taxable income up to 19% £2,306 19% £2,162 Basic rate on […]

The Scottish Budget – 19 December 2023

Introduction The Deputy First Minister and Cabinet Secretary for Finance, Shona Robison, faced some difficult decisions in drawing up her first Budget. Inflation had taken its toll on spending, to which had been added new commitments such as a promised […]

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