HMRC launches side hustle tax campaign
Posted by Jon Pryse-Jones on February 13, 2025HMRC has just launched a side hustle tax information campaign. If you have income from a side hustle, do you know whether you should pay tax?
Off payroll working thresholds to change
Posted by Jon Pryse-Jones on February 11, 2025From April 2025, off payroll working thresholds will change as many companies are recategorized from ‘medium’ to ‘small’ businesses.
Audit exemption thresholds change from April 2025
Posted by Andy Green on February 6, 2025From April 2025, the audit exemption thresholds will change – with some 14,000 medium-sized businesses being reclassified as ‘small’ firms.
Tax on wine has just gone up!
Posted by Ben Locker on February 4, 2025From 1st February 2025, tax on wine has changed. From now, tax on higher strength wines will make them more expensive.
HMRC scraps employee hours reporting from payroll reforms
Posted by Jon Pryse-Jones on January 30, 2025HMRC has scrapped plans to mandate employee hours reporting via payrolls. However, new information will still be needed on tax returns.
New neonatal care leave and pay rules confirmed
Posted by Jon Pryse-Jones on January 27, 2025From 6th April 2025, new neonatal care leave and pay rules will come into force. We look at how your business can comply with them.
Safety and security declarations needed for EU imports
Posted by Andy Green on January 23, 2025From 31st January 2025, all goods imported from the EU need a safety and security declaration. We look at how the new system works.
Fair Payment Code – have you signed up?
Posted by Jon Pryse-Jones on January 20, 2025In December 2024, the Prompt Payment Code was replaced by the more robust Fair Payment Code. We look at how the new scheme works.
Reducing inheritance tax – could a deed of variation help?
Posted by Ian Henman on January 20, 2025If you’re the beneficiary of a will, a deed of variation may be useful in reducing inheritance tax payable on the estate.
Rent in advance to be limited to a month
Posted by Ben Locker on January 16, 2025Upcoming legislation will limit landlords to asking for no more than one month’s rent in advance – but will there be unintended consequences?
