News and Comment - Page 11 of 98 - Whitefield Tax - Isle of Wight Accountants

HMRC issues new guidance on border movements for goods

by Jessica Garbett | Jun 7, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Get ready for the New Computerised Transit System (NCTS) from 1 July 2024 HMRC has issued the following update, which will be relevant to...

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...

CGT – common mistakes to avoid

by Jessica Garbett | May 28, 2024 | ACCA, capital taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Key areas to consider when completing a return HMRC Agent update 119 highlights many simple errors in relation to Capital Gains Tax. These...

Upcoming changes to paternity leave and pay

by Jessica Garbett | May 28, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA New legislation represents a progressive shift in parental leave rights On 8 March 2024, England, Scotland and Wales implemented new...

All you need to know about ATED

by Jessica Garbett | May 23, 2024 | ACCA, property taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Your guide to the annual tax on enveloped dwellings Residential properties owned by a company (or other collective investment vehicle) are...

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...

Increasing UK company size thresholds

by Jessica Garbett | May 16, 2024 | ACCA, accountancy regulation, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Exploring efforts to ease the burdens placed on business in respect of non-financial reporting On 18 March 2024, the government announced its...

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...

Beware of scam ‘HMRC’ telephone calls

by Jessica Garbett | May 9, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA How to protect yourself from fraudulent calls allegedly from HMRC In today’s digital age, where scams and fraud attempts are becoming...

How Companies House will use its new powers

by Jessica Garbett | May 8, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Get up to speed with various changes at Companies House Martin Swain, Director of Intelligence and Law Enforcement Engagement at Companies...

Companies House: resources and updates

by Jessica Garbett | May 7, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The latest news on Companies House changes including the ECCTA implications Companies House is an executive agency, sponsored by...

How Do Recent Tax Changes Impact Choice of Business Structure? Part 1 – Incorporate or Not?

by Jessica Garbett | May 1, 2024 | business taxation

Many business owners ask “Would I be better off as a Limited Company?” or if already trading via a Limited Company the opposite question, “Would I be better off as a Sole Trader/Partnership?”. As you’d expect its not a simple answer. But...

Companies House Fee Changes from 1st May 2024

by Jessica Garbett | Apr 30, 2024 | business issues

Earlier this year it was announced some Companies House fees are changing from 1st May 2024. Notable changes are: Incorporation – from £10 to £50 Confirmation Statement – from £13 to £34 Change of Name – £8 to £20 Strike off – £8 to £33 The above are fees for...

HMRC issues new guidance on border movements for goods

Furnished Lettings Reform

HMRC Erroneously Refunds Voluntary Class 2 NI Payments

CGT – common mistakes to avoid

Upcoming changes to paternity leave and pay

All you need to know about ATED

Unexpected payroll consequences of the leap year

Increasing UK company size thresholds

ACCA on HMRC performance

Get ready to payroll benefits

Beware of scam ‘HMRC’ telephone calls

How Companies House will use its new powers

Companies House: resources and updates

How Do Recent Tax Changes Impact Choice of Business Structure? Part 1 – Incorporate or Not?

Companies House Fee Changes from 1st May 2024

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