Dispose of assets before 6 April 2024 to take advantage of the higher annual exempt amount
Individuals making capital disposals do not pay capital gains tax if their net gains for the tax year (chargeable gains less allowable losses for the …
Individuals making capital disposals do not pay capital gains tax if their net gains for the tax year (chargeable gains less allowable losses for the …
Paying National Insurance contributions allows individuals to earn qualifying years, which in turn provides them with entitlement to the state pension and certain contributory benefits. …
Earlier in the year, it was erroneously reported in the press that new tax rules were coming into force which would mean that anyone selling …
Employers must pay their workers at least the statutory minimum wage for their age. Depending on the age of the worker, they may be entitled …
Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC after the end …
For tax purposes, where an employee uses their own car for work, mileage allowances can be paid tax-free up to the approved amount, which is …
As the end of the tax year approaches, it is prudent to review your pension contributions for the year and consider whether it is worth …
As the end of the tax year approaches, it is prudent for those operating their business as a personal or family company to review the …
No one wants to pay more tax than they need to and, where possible, disposals should be timed to ensure that the best result is …
As we move into the final months of the 2023/24 tax year, it is time to give some thought to whether you have used your …
If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals, you can use …
In his November 2023 Autumn Statement, the Chancellor announced a reduction in the main primary rate of Class 1 National Insurance from 12% to 10%. …