Tax Tips and News

• Spring Statement announced: more tax changes to come?

  Newsletter issue – February 2025 The debates and arguments over the merits or otherwise of some of the tax changes from the Budget have barely settled down, even two months after it happened. The rise in employers' National Insurance (NI) and the alterations to the Inheritance Tax rules for agricultural properties have been particularly contentious.…Read More

• Millions at risk of fines as Self-Assessment deadline looms

  Newsletter issue – February 2025 With only days to go until the Self-Assessment Tax Return deadline (at the time of writing), millions of people were still apparently yet to submit theirs and pay up, as warnings were issued over fines for failing to comply. The number of self-employed due to submit their forms still stood…Read More

• Employment Allowance: common errors by businesses revealed

  Newsletter issue – February 2025 A list of the biggest mistakes and errors made by businesses when claiming Employment Allowance and reporting their Apprenticeship Levy has been revealed. As part of new guidance to help employers conform with both schemes correctly, HMRC has published a list of the most common errors businesses make to help…Read More

• Changes for Companies House address rules

  Newsletter issue – February 2025 Changes have taken effect regarding Companies House rules on the public register. As of 27 January, you can apply to hide your residential address from the public register if it's been used as your company's registered office address. 'If your residential address is the company's current registered office address, you'll…Read More

• February Questions and Answers

  Newsletter issue – February 2025 Q: I’ve started a new business this year selling my hand-made craft items. At this stage it’s only earning me a relatively modest income. Up until now my profits are just £600 but I do have a big order that is set to earn me £3,500 in the next two…Read More

• February Key Dates

  Newsletter issue – February 2025 14th The deadline to claim a deferral of class 1 NIC for employees with more than one employment. 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you’ll owe HMRC. 22nd Deadline for employers operating PAYE to…Read More

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