business taxation Archives - Page 18 of 88 - Whitefield Tax - Isle of Wight Accountants

Living accommodation as a taxable benefit

by Jessica Garbett | Jun 11, 2024 | ACCA, business taxation, employer returns, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A review of this benefit in kind, including proforma examples A charge to tax (ITEPA 2003 Part 3 Chapter 5) arises when an employee is...

Furnished Lettings Reform

by Jessica Garbett | May 31, 2024 | business taxation, property taxation

In the 2024 Budget, it was announced the special tax regime for furnished lettings was to be abolished from April 2025. However detail on how this will work, and any transitional arrangements, has yet to be published and the hiatus of the General Election will only...

HMRC Erroneously Refunds Voluntary Class 2 NI Payments

by Jessica Garbett | May 31, 2024 | business taxation

If you pay Class 2 NI on a voluntary basis as Self Employed / Business Partner, then the payment is via your Self Assessment but it must be paid by 31st January after the tax year – pay a day late and the right to make a voluntary payment is lost. Its...

Unexpected payroll consequences of the leap year

by Jessica Garbett | May 21, 2024 | ACCA, business taxation, employer returns, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Extra day in February could trigger unexpected tax bills for weekly-paid workers with a 53-week pay cycle In the 2023/24 tax year, there are...

ACCA on HMRC performance

by Jessica Garbett | May 14, 2024 | ACCA, business taxation, HMRC, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A round-up of current issues surrounding HMRC Service levels Following the Chancellor’s Spring Budget on 6 March, we surveyed ACCA members...

Get ready to payroll benefits

by Jessica Garbett | May 10, 2024 | ACCA, business taxation, employer returns

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA As employers look to do more and more to attract and retain workers in what remains a hot labour market, many of them turn to benefits. From...

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Living accommodation as a taxable benefit

Furnished Lettings Reform

HMRC Erroneously Refunds Voluntary Class 2 NI Payments

Unexpected payroll consequences of the leap year

ACCA on HMRC performance

Get ready to payroll benefits

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