Category: Compliance

pension top-ups for lower paid employees

pension top-ups for lower paid employees

Employees who contribute to an occupational pension scheme under a net pay arrangement do not currently benefit from any tax relief if their earnings are below the personal allowance. This anomaly will be rectified from 6 April 2024 when HMRC […]

Scotland needs a new tax system and higher tax revenue

Scotland needs a new tax system and higher tax revenue

This was the conclusion reached in a paper published by Reform Scotland at the end of June 2022 and written by Heather McCauley, a former senior civil servant who has worked for the UK, Scottish and New Zealand Governments. We […]

making tax digital for sole traders and landlords

making tax digital for sole traders and landlords

The widening scope of Making Tax Digital (MTD) is highlighting several issues, including the limited availability of the MTD for income tax pilot scheme, and low awareness of the recent expansion of MTD for VAT to all VAT registered businesses. […]

some of the recent NIC changes have caused complications

some of the recent NIC changes have caused complications

Some of the latest changes to national insurance contributions (NICs) started from 6 July 2022, causing complications for self-employed people and directors.  Normally rates and thresholds are set for the whole tax year, as with employers’ contributions, which increased to […]

what is employment?

what is employment?

The Court of Appeal has for the first time ruled on employment status under the intermediaries legislation (often known as IR35) in two cases involving Kaye Adams and Paul Hawksbee – and agreed with HMRC in both. In each case […]

Cashflow planning tips for the new year

Cashflow planning tips for the new year

Cash flow and business planning in these uncertain times may appear difficult but there are some practical steps you can take to minimise potential disruption to your business Review your Budgets (see: Budgeting for an uncertain year ahead) and set […]

The Countdown Is On For Making Tax Digital

The Countdown Is On For Making Tax Digital

The countdown to 1st April 2019 is officially on for HMRC’s Making Tax Digital (MTD) requirement. With the clock ticking, you can forget the uncertainty of Brexit as compliance with MTD is what matters to your business right now. Are […]

Making Tax Digital – Explained

Making Tax Digital – Explained

What does HMRC mean by being digitally compliant? In the spring 2015 Budget, the Making Tax Digital (MTD) initiative was first announced. This introduced the requirement for quarterly reporting to HMRC via digital records for small businesses, landlords and the self-employed over […]

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