Employer-run, relief-at-source pensions must submit return by July 5
24 July 2024 | Mrge_Acontants
Employers who run their own pension schemes and operate on a relief at source basis must file their return for the previous tax year by July 5. It is vital the information on the...
Bona Vacantia – what happens when an estate is unclaimed?
17 July 2024 | Mrge_Acontants
Many people find themselves facing their highest marginal tax rate after they have died, with Inheritance Tax at 40% for any amount over the £325,000 nil rate band, or up to £500,000 if you...
Businesses look to increase home working
10 July 2024 | Mrge_Acontants
The number of businesses planning to increase home working for staff has risen according to the latest official figures. In late May 2024, around one in five (19%) businesses said they either had or...
General Election – what promises are in the manifestoes?
03 July 2024 | Mrge_Acontants
The General Election is days away, and each of the political parties have put out their manifestoes as they try to encourage us to vote for them. At the time of writing, the polls...
HMRC app helps with student finance applications
26 June 2024 | Mrge_Acontants
An app from HMRC which provides information such as your National Insurance number and tax information has been flagged by the taxman to help students completing their A’ Levels this year and planning to...
Want to avoid fines from HMRC? Here’s how
19 June 2024 | Mrge_Acontants
No-one likes to pay more to the taxman than they have to, but if you fall foul of HMRC’s rules, you could find yourself paying a penalty, and interest if things are not sorted...
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...
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