With less than a month until the 31 October deadline for filing a 2023/24 paper self assessment tax return, HMRC have confirmed they will accept copies of the tax return form that have been downloaded and printed from GOV.UK

Businesses have been banned from withholding tips or service charges from their staff under new rules that came into force on 1 October 2024.

All tips, whether in cash or by card, must now be shared between workers by law in Britain

Here is another reminder of the National Insurance Contributions Deadline

The government previously extended the deadline to pay voluntary National Insurance Contributions (NICs) to 5 April 2025. This gives individuals more time to fill gaps in their National Insurance record and potentially boost their State Pension.

#NICs #TaxUpdate #StatePension

Ellis Atkins will be relocating to a new office on 1 November 2024. Please update your records to reflect our new address:

Constable Court
62 Dene Street
Dorking
RH4 2DP

Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said. 

The government has announced an overhaul of the UK's apprenticeship system. 

A new growth and skills levy which will replace the existing apprenticeship levy and include new foundation apprenticeships. 

The Chancellor should use her Autumn Budget to make off-payroll working rules 'fairer and more effective', according to the Association of Independent Professionals and the Self-Employed (IPSE)

As the date for Labour’s first Budget under Chancellor Rachel Reeves approaches, there is growing anticipation about what economic strategies and reforms will be unveiled.

New company car advisory fuel rates have been published and took effect from 1 September 2024

HMRC has 'sent nudge' letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of Taxation (CIOT).

HMRC has reduced late payment and repayment interest rates following the cut to the base rate.

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

HMRC will send Simple Assessment tax statements to pensioners in the next few weeks.

HMRC says that pensioners will receive a Simple Assessment where there is an underpayment of income tax for a tax year that cannot be collected automatically via PAYE and they are not subject to income tax self assessment.

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.