Nearly £57m in overpaid pension tax refunded in Q2
09 October 2024 | Mrge_Acontants
HMRC has had to repay a massive £56.9m in overpaid pension tax between April 1 and June 30 this year, as the problems with the emergency tax rate on flexible pension withdrawals continue to...
MTD to expand to income tax in 2026 – get ready!
02 October 2024 | Mrge_Acontants
The Making Tax Digital (MTD) regime is set to begin applying to income tax soon, and the first people to be brought into the regime will be the self-employed and landlords. Although April 2026,...
Changing VAT details must now be done online
25 September 2024 | Mrge_Acontants
Anyone who needs to make changes to their VAT details now needs to do this online through their VAT online account. Prior to August 5, you could use the VAT484 form, or another postal...
How to deal with VAT on school fees from January 2025
18 September 2024 | Mrge_Acontants
The new Labour Government will be adding VAT to school fees from January 1 next year, which will increase the bill to parents by 20%, unless schools choose to reduce fees another way to...
Keep good records to avoid a fine from HMRC
11 September 2024 | Mrge_Acontants
Keeping good business records is an essential part of running a business, but it is also a legal requirement when it comes to HMRC. To keep on the right side of the law, businesses...
DWP makes slow progress on parents’ pension redress
06 September 2024 | Mrge_Acontants
The Department for Work and Pensions (DWP) is making slow progress on addressing State Pension errors for around 194,000 parents who are being denied a full State Pension because they have not had the...
Retiring overseas? Then think about your pension
28 August 2024 | Mrge_Acontants
If you are planning to retire overseas, you need to consider what to do with your pension once you leave the UK. There are a few options, including leaving your pension in the same...
The best way to spend money on your summer holiday abroad
21 August 2024 | Mrge_Acontants
Schools are out and the summer holiday season is in full swing. For those of us going abroad, there are various things to consider when it comes to spending our cash overseas, to make...
How do 18-year-olds access their Child Trust Fund?
14 August 2024 | Mrge_Acontants
Thousands of children have had a pot of money building up for them as they grow thanks to a Government initiative launched near the start of the millennium. The Child Trust Fund (CTF) was...
New Labour Government reveals plans in King’s Speech
08 August 2024 | Mrge_Acontants
The landslide victory for Labour has promised a variety of changes to the way the country is run, and a wide range of these were revealed in the King’s Speech for the State Opening...
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