Why Stamp Duty Land Tax might need to be reformed
12 June 2024 | Mrge_Acontants
Stamp Duty Land Tax (SDLT) is the bane of property buyers in the UK. It is paid on every property purchase worth more than £250,000, and more people are being forced to pay it...
Inheritance Tax at record levels, but Business Relief can help
05 June 2024 | Mrge_Acontants
Inheritance Tax (IHT) has reached a record level in the UK, with £7.5 billion flowing into Treasury coffers in 2023/24, up from £7.1 billion the previous tax year. One key reason for this growing...
Everyone should check their tax code now
29 May 2024 | Mrge_Acontants
HMRC will provide new tax codes at the start of every new tax year if the Personal Allowance has changed, if someone has had a change of circumstances, including perhaps had a pay rise,...
Tipping Act Code of Practice to bring fairness to employees
22 May 2024 | Mrge_Acontants
Whenever you leave a tip in a restaurant or a hairdressing salon, for example, you would hope that the tip money you left will go directly to the person who provided you the service...
Employees paid on a Thursday or Friday could face extra tax in 2024/25
15 May 2024 | Mrge_Acontants
Thousands of people in the UK who are paid weekly could find themselves making extra tax payments this year if they are paid on a Thursday or Friday. Employees paid on Thursday 4 April...
650,000 extra pensioners pay tax for the first time this month
08 May 2024 | Mrge_Acontants
Around 650,000 pensioners are facing the prospect of paying tax on their pensions for the first time from this month thanks to a big boost to the State Pension from April 6, and frozen...
The end of the P11D is expected in 2026
30 April 2024 | Mrge_Acontants
The P11D form which has been used to process ‘benefits-in-kind’ such as loans for season tickets and company cars will no longer be used after April 2026, as HMRC will ask businesses to deal...
Cryptocurrency gains must be reported on self-assessments
23 April 2024 | Mrge_Acontants
If you hold or invest in cryptocurrency, or even if your employer pays you in a cryptocurrency such as Bitcoin, you may need to declare this on your self-assessment form. For anyone who didn’t...
Furnished Holiday Lettings tax rules set to change in 2025
16 April 2024 | Mrge_Acontants
The tax regime for Furnished Holiday Lettings (FHLs) is set to be abolished from April 6, 2025, with some key tax breaks being removed by the Chancellor in the Spring Budget on March 6...
Budget changes and what they mean for you
09 April 2024 | Mrge_Acontants
The Chancellor, Jeremy Hunt, delivered his Budget statement to Parliament on March 6, and there were various changes that should benefit individual taxpayers and businesses. One of the biggest announcements, which takes effect...
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