HMRC has launched a digital tool to help businesses estimate what registering for VAT may mean for them.

The VAT Registration Estimator helps to show businesses when their turnover could require them to register for VAT and its effect on profits.

Amongst other matters, in the first King’s Speech since Labour’s victory in the General Election, the government pledged to:

Reform the Apprenticeship Levy.

Remove the VAT exemption for private school fees.

An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension.

HMRC has updated guidance on when tax relief is available on travel expenses for staff who work from home.

HMRC has launched a new online voluntary NICs payment service

HMRC has published the latest issue of the Employer Bulletin. The March issue has information on various topics

Expert advice relating to employment law changes in 2024: family friendly rights, protection from redundancy, paternity leave changes, flexible working, increased compensation, rates of pay, holiday and holiday pay, TUPE changes, employers’ mandatory duty on sexual harassment prevention, proposed legislation and recommendations.

HMRC’s new guidance on Research and Development (R&D) tax relief 'could be clearer', according to the Institute of Chartered Accountants in England and Wales (ICAEW).

The rates for NICs will be cut by two percentage points for both employees and the self-employed from 6 April 2024.

HMRC have decided to halt its plans to restrict taxpayer helplines and instead direct people to online services

The Chancellor Jeremy Hunt delivered his Spring Statement to Parliament on 6 March 2024. Key announcements that may interest or impact some of our clients are details in the following article.

Double-cab pickups will continue to be treated as goods vehicles rather than cars for tax purposes and the tax on benefits in kind will not increase when employers provide these vehicles to their employees.

HMRC is warning people to be wary of bogus tax refund offers following the self assessment deadline on 31 January.

HMRC has published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords.

HMRC sends warning to cryptoasset users

As the use of cryptoassets continues to grow HMRC is warning people to check if they need to complete a self assessment tax return each year to avoid potential penalties.

The clock is ticking for clients yet to file their tax return by 31 January 2024. Don’t put it off, kick start the new year by finalising your self assessment.

HMRC recently updated its guidance on off payroll working compliance for employers.

The new guidance sets out 'practical steps' for organisations to follow.

The government has confirmed that Chancellor Jeremy Hunt will deliver the 2024 Spring Budget on 6 March.

It could be the last chance for the government to announce significant changes to tax policy before the general election.