Are you using the best scheme for your VAT?
10 September 2025 | Mrge_Acontants
Value Added Tax (VAT) is something sole traders and companies must charge once their turnover exceeds £90,000 in a rolling 12-month period, or if they will exceed this amount within a three-month period. At...
Children born in Q4 2007 can access their Child Trust Funds from September
03 September 2025 | Mrge_Acontants
Children born on September 1, 2007, will be able to access their Child Trust Funds (CTFs) for the first time in September, when they reach 18 years old. The first CTFs were opened for...
HMRC aims to help prevent scam emails
27 August 2025 | Mrge_Acontants
HMRC is encouraging people to check that any email purporting to be from the taxman is genuine before you make any effort to respond and potentially fall foul of a phishing or other fraudulent...
Smaller employers should be careful with salary advance schemes
20 August 2025 | Mrge_Acontants
Small employers thinking of using a salary advance scheme to support the financial wellbeing of their employees should be fully aware of how they work before using them, the Low Incomes Tax Reform Group...
“Decisive action” needed for a UK pension regime fit for the next generation
13 August 2025 | Mrge_Acontants
Pension reforms proposed by the Institute for Fiscal Studies (IFS) in partnership with the abrdn Financial Fairness Trust aim to help move the UK’s pension system towards one fit for future generations. The proposals...
Around 600,000 HMRC penalties paid in five years by people owing no tax
07 August 2025 | Mrge_Acontants
Around 600,000 late-filing penalties have been paid to HMRC in the last five years by some of the lowest earners in the UK despite them not owing any tax, according to Tax Policy Associates....
Less than half of self-employed workers use simplified mileage rates
30 July 2025 | Mrge_Acontants
Less than half of self-employed workers who use their vehicle for work purposes are aware of HMRC’s simplified mileage rates, according to its own research. The flat rate deduction is 45p per mile for...
Parents of teenagers can extend Child Benefit claim online
23 July 2025 | Mrge_Acontants
HMRC is reminding parents of 16 to 19-year-olds to extend their Child Benefit claim by August 31 to ensure their payments continue. Last year, 870,000 parents extended this benefit, with most confirming the extension...
HMRC surveys suggest job perk changes are on the horizon
16 July 2025 | Mrge_Acontants
HMRC has published two new surveys which leading advisory firm BDO are concerned could result in the removal of valuable employment perks, such as salary sacrifice pension schemes and Benefit in Kind arrangements, during...
New Pension Schemes Bill to benefit 20 million workers
09 July 2025 | Mrge_Acontants
The Government’s new Pension Schemes Bill is expected to make it easier for millions of people to manage their pensions, by improving returns, and combining smaller pension pots to create bigger and better pension...
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