Good news for employees reclaiming business travel in company vehicles

The National Living Wage (NLW) will increase by 9.8% to £11.44 per hour from April 2024. This will also apply to 21 and 22-year-olds for the first time.

Overlap relief will now be used to reduce additional taxable profits in the tax year 2023-24 due to basis period reform. And we’re now able to do this for you online.

If you’ve built your own home, or completed part of the build project yourself, under the VAT homebuilders’ scheme you’re entitled to reclaim the VAT paid on materials.

The headline news from the Chancellor’s Autumn Statement was the changes to National Insurance contributions (NIC) for the self-employed and employees…

There are significant Making Tax Digital (MTD) simplifications planned, being introduced in 2026. These changes include…

For the self-employed, the cash accounting basis will replace accruals as the standard tax reporting method for 2024-25 (first year of tax year accounting).

HMRC has launched an online, child benefit claim service for new parents, which will drastically reduce the amount of time it takes to make a claim and to receive payments.

This very much depends on whether you’re trading or not. Or in other words, are you making a profit from it?

The “super deduction” is coming to an end on 31 March 2023. What do you need to do to take advantage?