More recent posts
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Furnished holiday lettings – the pros and cons
When furnished holiday property is let on a commercial basis for short periods, the owner can benefit from tax reliefs which wouldn’t otherwise be available to residential landlords,…
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How will Making Tax Digital affect you?
Making Tax Digital is a seriously hot topic with changes coming in from April 2019. VAT-registered businesses with turnover above £85,000 must maintain a digital record of the…
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What happens if you do not report payroll information on time
HM Revenue & Customs (HMRC) will charge penalties if: your Full Payment Submission (FPS) was late you did not send the expected number of FPSs you did not…
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200,000 receive back pay as HM Revenue & Customs enforces National Minimum Wage
The government is about to launch its annual advertising campaign to encourage workers to take action if they are not receiving the National Living Wage or the National…
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Firm to be prosecuted for illegally opting staff out of pensions
The Pensions Regulator has announced that it will prosecute a national recruitment firm, its directors and some of its senior staff on the suspicion that they illegally opted…
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Highlights of the 2018 Spring Statement
13 March 2018 marked the first ever Spring Statement, which has replaced the Spring Budget. The main purpose of the Spring Statement was not to announce immediate tax…
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General Data Protection Regulation (GDPR)
The General Data Protection Regulation (GDPR) will come into force on 25 May 2018. This will replace the current Data Protection Directive. The aim is give citizens back…
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New advisory fuel rates from March
HM Revenue & Customs have announced new fuel rates for company cars, which apply to all journeys on or after 1 March 2018, until further notice. For one…
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Understanding the new rules for PILONs (Payment in Lieu of Notice)
A PILON is a payment made to an employee when their employment is terminated without notice (ie in lieu of the employee working through a notice period and…