Author: Shilpa Shah-Dave

2 minutes to read In their spring newsfeed, HMRC has announced that the date for the mandatory reporting of Income Tax and Class 1A NICs for most benefits in kind and taxable expenses has been put back a year – to 6 April 2027 These changes will mean that the tax on employees’ taxable benefits will be deducted directly …

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4 minutes to read Before the tax year draws to a close, it is important to ensure your tax affairs are arranged efficiently. Year-end tax planning can provide significant benefits, including reducing your tax liabilities and ensuring that you make full use of available allowances and reliefs. We have compiled a checklist, and some key planning points that you …

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2 minutes to read With interest rates at a historic high over the last year, savers should check their bank or building society interest income for 2023/24. Some people are now falling into the Self Assessment tax return bracket due to the extra interest savings accounts have been paying. You may pay tax on a salary through Pay As …

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4 minutes to read The one sure thing with a family is that your financial circumstances are always changing. Reviewing your position with your accountant in the last weeks of the tax year will mean the full use of bands and allowances. Here we give an overview of considerations for married couples and civil partners, children, grandparents, and those …

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2 minutes to read HMRC’s Trust Registration Service With a registration deadline looming, and urgent action needed by 1 September 2022, check now: could the Trust Registration Service (TRS) impact you? Part of a European initiative to tackle money laundering and the financing of terrorism, the rules around the TRS now have consequences for many more trusts and trustees …

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