Extra steps needed to calculate Capital Gains Tax
30 May 2025 | Mrge_Acontants
Anyone making disposals of assets on or after October 30, 2024, will need to take some extra steps to calculate any Capital Gains Tax (CGT) due. The extra steps, which will affect individuals, trustees...
Inheritance tax receipts up £800m in a year – how to beat the bill
26 May 2025 | Mrge_Acontants
Inheritance Tax (IHT) receipts from April 2024 to March 2025 have risen by £800m compared to same period the previous year. This is largely a feature of the nil rate band – the amount...
Companies are being warned to comply with new rules
21 May 2025 | Mrge_Acontants
Companies registered at Companies House are being warned to keep on top of their responsibilities, such as filing their confirmation statements on time, otherwise they could face new penalties. Companies House will still support...
Trump’s tariffs hit the markets – what should you do?
14 May 2025 | Mrge_Acontants
The first 100 days of the Trump administration has certainly created consternation across the world, as Donald Trump’s implementation of tariffs – which have been on again and off again and are currently suspended...
New rules from April for pension scheme returns – are you ready?
22 April 2025 | Mrge_Acontants
From April 6, anyone managing a pension scheme will need to submit their pension scheme return (PSR) on the Managing Pension Schemes service, with the Pension Schemes Online service no longer being used for...
Five years on from Covid – what have we learnt?
16 April 2025 | Mrge_Acontants
It’s now five years since the UK – and most of the rest of the world – went into Covid lockdown, and various things have changed since that period. One major benefit was a...
Have you had PAYE or other errors in your payroll? You could face a penalty
09 April 2025 | Mrge_Acontants
If your business has had any kind of errors in Pay As You Earn (PAYE) for your payroll, you could be facing a penalty from HMRC for not operating your PAYE correctly, including anything...
Are your employee benefits as good as you think?
02 April 2025 | Mrge_Acontants
Many companies offer employee benefits to encourage the best people to join their team, or maximise the chances of encouraging existing employees to stay. But are the benefits you offer as effective as you...
1.1m missed the January 31 deadline – can you appeal a penalty?
26 March 2025 | Mrge_Acontants
Around 1.1m of us missed the January 31 deadline to file our self-assessment tax returns for the 2023/24 tax year. For each person, this means at least a £100 penalty and potentially additional charges...
Business compliance with HMRC costs firms £15.4 billion a year
19 March 2025 | Mrge_Acontants
Meeting tax obligations is costing UK firms around £15.4 billion a year according to the National Audit Office (NAO), the body responsible for scrutinising public spending, and it appears HMRC is underestimating these costs...
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