Sep 18, 2023 | Business Start Ups, FAQ, Information, Tax, Tips
The ability to legally assign an income tax repayment, or the right to an income tax repayment, to a third party has been removed by HMRC from March 15 this year, meaning any repayment will remain the legal property of the taxpayer in question. The change affects...
Sep 11, 2023 | Business Start Ups, Expenses, FAQ, Information, News, Tax, Tips, Vat
Up to 38,000 pubs and bars which have seen cuts in the tax they pay on the draught products they serve will be better off thanks to changes to the way that Alcohol Duty is calculated from August 1, 2023. The cuts will make pints and other products sold on tap 11p...
Sep 4, 2023 | Information, News, PAYE, Payroll, Pensions, Tax, Tips
People making the most of flexible pension withdrawals have been facing tax overpayments due to miscalculations by HMRC. In Q2 2023 alone, the taxman repaid £56,243,842 to people who had been taxed more that they should on their pension withdrawals. This amounts to an...
Aug 14, 2023 | Expenses, FAQ, Information, News, PAYE, Payroll, Tips
We all love a perk of the job, and a major industry has built up around the types of employee perks companies are able to offer. The best news of all is that most of these will be tax deductible, which means the taxman will fund at least part of them. Everything from...
Aug 7, 2023 | Business Start Ups, Expenses, Information, News, Tax, Tips
Charitable giving is something many organisations might not be considering in the current climate, especially as everyone is struggling to pay their bills. But if you have money to spare within your business, then charitable giving is a great way to reduce your tax...
