Christmas parties, summer barbecues and other annual staff events may qualify for a £150 per-head tax exemption. Here are the rules you need to follow.
Resources – News & Articles
A selection of business news and articles to help make your business a success
Child Benefit Claims Can Now be Made Online
For the first time in the 47 years since Child Benefit was launched, new parents can claim their Child Benefit online in a significantly faster way than the previous process allowed, according to HMRC. The previous method – which had been in place since 1977 – was to...
Rumours Circulate Over HMRC Crackdown on eBay and Etsy Sales
Rumours have been circulating online that HMRC is set to crack down on tax avoidance on sales of goods on the likes of eBay and Etsy, but the basic rules haven’t changed, and anyone who was trading on one of these sites should always have been declaring their earnings...
Could You be Better Off by Claiming Marriage Allowance?
HMRC is encouraging those who are either married or in a civil partnership to check whether they could be up to £252 a year better off by claiming Marriage Allowance. It has launched a Marriage Allowance Calculator to help those who are unsure double check what they...
Autumn 2023 Budget – The Perfect Breakdown
It feels like only a moment has passed since the unveiling of the Spring Budget eight months ago in March. Today, the Chancellor of the Exchequer, Jeremy Hunt, presented the Autumn Budget Statement to the House of Commons, mapping out his economic strategy for the UK....
Tax Advice Error Could Impact Your State Pension
Group income protection policies taken out through employer salary sacrifice schemes have been wrongly treated for tax thanks to incorrect advice given by HMRC to the Association of British Insurers back in October 2019. Even though HMRC corrected this advice in...
How to Spot Tax Avoidance Schemes
Thousands of people found themselves caught up in the IR35 tax avoidance problems, where freelancers who were earning through a limited company set up to deal with their income were deemed – retrospectively – by HMRC to have been involved in tax avoidance. In short,...
Could You Have Money Sitting in Lost or Forgotten Accounts?
The cost-of-living crisis is hitting many of us hard, no matter how well off we might be. But there are many people who have money sitting in lost bank or building society accounts, pensions or investments who could reclaim it to help them meet their financial...
ECL Now Open Online for Registrations and Returns
Any regulated businesses that need to sign up for the Economic Crime (Anti-Money Laundering) Levy (ECL) can now both register and make returns via the online service. Registrations and returns cannot be made by tax agents, so every affected business must sign up and...
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