Important changes to HMRC regulations, payroll requirements, and Companies House filings to help businesses stay compliant.
As the new tax year begins, several important changes have come into effect. Here's a quick overview to keep you informed: 1. Employer National Insurance Contributions (NICs) Increase Rate Rise: Employer NICs have increased from 13.8% to 15% on salaries above £5,000....
The State Opening of Parliament took place on 17 July and the King’s Speech set out the measures that the government intends to introduce during the next session of parliament. Other than a mention of the proposal to remove the VAT exemption for private school fees...
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As the new tax year begins, several important changes have come into effect. Here's a quick overview to keep you informed: 1. Employer National Insurance Contributions (NICs) Increase Rate Rise: Employer NICs have increased from 13.8% to 15% on salaries above £5,000....
Use tax-free childcare account to pay for summer holiday clubs Tax-Free Childcare accounts can be used to pay for approved childcare for children aged 11 or under, or 16 if the child has a disability. This can include paying for a summer holiday club or...
The State Opening of Parliament took place on 17 July and the King’s Speech set out the measures that the government intends to introduce during the next session of parliament. Other than a mention of the proposal to remove the VAT exemption for private school fees...
It has recently been reported over half a million taxpayers paid a marginal income tax rate of 60% in 2022/23, up by 23% from the number in 2021/22. This marginal rate applies where an individual’s adjusted net income falls between £100,000 and £125,140, where every...