News and Comment - Page 6 of 100 - Whitefield Tax - Isle of Wight Accountants

NIC error corrections for the self-employed

by Jessica Garbett | Aug 7, 2025 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA HMRC will take longer to fix Class 2 NIC calculations Further to HMRC’s update last month, it has now been confirmed by HMRC that it is...

HMRC’s transformation roadmap

by Jessica Garbett | Aug 5, 2025 | 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 Government brings forward a new vision for HMRC’s modernisation The government has published its vision for HMRC’s priorities on improving...

Benefit-in-kind for loans and the official rate of interest

by Jessica Garbett | Jul 30, 2025 | ACCA, business taxation, employer returns, expense payments

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA ACCA on changes which are coming to interest-free loans for P11D purposes An interest-free loan to an employee (or director) is chargeable to...

Prepare to file the profit and loss account

by Jessica Garbett | Jul 23, 2025 | ACCA, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The government has recently provided clarity around timelines for accounts reforms as part of the ECCTA The Economic Crime and Corporate...

Identity verification of directors and PSCs

by Jessica Garbett | Jul 16, 2025 | 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 Understanding one of the key Companies House changes under ECCTA On 8 April 2025 Companies House launched a new service to verify the...

HMRC repayment fraud

by Jessica Garbett | Jul 9, 2025 | ACCA, HMRC

You may have read about a recent Cyber Attack on HMRC – here is some more detail via ACCA our regulator. HMRC recently detected unauthorised attempts to access approximately 100,000 HMRC online tax accounts (equivalent to approximately 0.22% of our customers)....

Class 2 NI Error on Self-assessment tax calculations

by Jessica Garbett | Jul 7, 2025 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA HMRC update on Class 2 National Insurance error HMRC has provided a short update on the issue affecting Class 2 National Insurance...

Common P11D errors and omissions

by Jessica Garbett | Jul 2, 2025 | 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 What to look out for to avoid submissions being rejected Agents and/or employers who are dealing with the 2024/25 P11D season, or correcting...

An Update From Companies House

by Jessica Garbett | Jun 26, 2025 | business issues

This email landed in our inbox this morning from Companies House – the content is not new: From 1 April 2027, all companies will need to file their annual accounts using commercial software. This means we’ll be closing our web and paper-based systems for account...

Employment Allowance – an overview

by Jessica Garbett | Jun 24, 2025 | 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 Understanding Employment Allowance for associated companies and businesses Employment Allowance (EA) is a relief available to eligible...

The end of non-domicile status

by Jessica Garbett | Jun 17, 2025 | ACCA, business taxation, capital taxation, HMRC, personal taxatation, residence and non residence

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Exploring the new residence-based tax regime Finance Act 2025 makes major changes to the tax rules for ‘non-doms’. From 6 April 2025, the...

Key amendments to FRS 102 following periodic review

by Jessica Garbett | Jun 12, 2025 | ACCA, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA ACCA factsheets on Leases and Revenue Recognition explain the changes The Financial Reporting Council (FRC) has introduced significant...

Confirmation Statement Reminders from Companies House

by Jessica Garbett | Jun 11, 2025 | business issues

A heads up for any of our clients running Limited Companies. Companies House no longer (2025) send paper reminders for Confirmation Statements, so it is advised that people register with Companies House for email updates. We understand that overdue notices for...

HMRC: simple assessment and multiple letters

by Jessica Garbett | Jun 10, 2025 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA HMRC has issued the following update: From June 2025, HMRC will begin issuing Simple Assessment letters providing a detailed calculation for...

Understanding travel expenses

by Jessica Garbett | Jun 3, 2025 | ACCA, business issues, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The rules for claiming travel expenses for employees taking business journeys When employees are required to travel for work, understanding...

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Next Entries »

NIC error corrections for the self-employed

HMRC’s transformation roadmap

Benefit-in-kind for loans and the official rate of interest

Prepare to file the profit and loss account

Identity verification of directors and PSCs

HMRC repayment fraud

Class 2 NI Error on Self-assessment tax calculations

Common P11D errors and omissions

An Update From Companies House

Employment Allowance – an overview

The end of non-domicile status

Key amendments to FRS 102 following periodic review

Confirmation Statement Reminders from Companies House

HMRC: simple assessment and multiple letters

Understanding travel expenses

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