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Updated timing: Payrolling benefits in kind now 6 April 2027

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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Checklist: Year-end personal tax planning

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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REVERSAL! Double cab pickup trucks latest

< 1 minute to read 20.2.24 HMRC announce a u-turn on the classification change we reported on last week. So.. for now, double cab pickups will continue to be treated as goods vehicles rather than cars, and businesses and individuals can continue to benefit from its historic tax treatment. The government will change the law at the next available Finance …

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HMRC’s Trust Registration Service

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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