Tax News

683,000 higher rate taxpayers opt out of child benefit as thresholds remain frozen


The High Income Child Benefit Charge (HICBC) was introduced in 2013 and was set up to charge tax on individuals ...

Read More

Striking the perfect balance: Director’s salary and dividends for 2023/24


As a business owner, determining the ideal salary for company directors can be tricky. Often, most directors will want to ...

Read More

Chancellor abolishes Lifetime Allowance pensions shake-up


The abolition of the pensions Lifetime Allowance, (LTA) which was announced in the Spring Budget, releases people to save as ...

Read More

How does Full Expensing work?


Chancellor Jeremy Hunt has announced a partial replacement for the Super Deduction that allows companies to write off 100 per ...

Read More

Crypto transactions to become part of Self-Assessment under new regulations


The Government has announced there will be greater scrutiny on the reporting of all crypto transactions, including for cryptocurrencies and ...

Read More

How do changes in Corporation Tax affect my business?


Changes to the amount of Corporation Tax (CT) businesses pay came into effect on 1 April. From that date, the ...

Read More

Government announces shakeup in the payment of Benefits in Kind


The Government has announced a shake-up in how Benefits in Kind (BIK) are paid. The move will allow tax agents ...

Read More

Inheritance Tax – here’s what family business owners need to consider


When it comes to succession planning in family businesses, there are many factors to consider, including the potential impact of ...

Read More

Fuel rate boost for electric car drivers, but other advisory fuel rates cut


Company car drivers will see changes to the amount they can claim back for fuel costs from their employer from ...

Read More