Latest News
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New MTD trial launches soon
HMRC’s Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) pilot has been a disaster. Despite this, it’s pushing businesses and accountants to use it from April 2024. Should you consider signing up?
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Revised guidance causing problems for LLP members
The guidance relating to the salaried member rules where capital contributions are made has been updated. If you are a member of a limited liability partnership (LLP) you could be affected, so what’s going on?
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Group capital allowances under review
If your company is part of a group, or is connected to other companies, you may receive a letter asking you to check if you have overclaimed capital allowances. Why might this have happened and should you be worried?
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Advisory fuel rates from 1 March 2024 published
The approved amount that employers can reimburse staff for business travel in company cars changes from 1 March 2024. What are the new rates?
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Government U-turn on double cab pickups
After an earlier announcement that the tax treatment of double cab pickups would change later this year, the government has almost immediately changed its mind. What is the revised position?
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Rates and thresholds for 2024/25 confirmed
The tax and NI rates and thresholds, as well as the national living and minimum wage levels, applicable to earnings taxed under PAYE have been confirmed for the 2024/25 tax year. Are there any highlights you need to be aware of?
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