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...
UK Export Finance doubles limit to £10m for traders
27 March 2024 | Mrge_Acontants
Small businesses looking to access funding to expand their exporting opportunities can now fast-track their applications with UK Export Finance, the Government’s export credit agency, and apply for twice the previous amount. The limit...
Exporters must make declarations on a new system from March 30
21 March 2024 | Mrge_Acontants
Any trader making export declarations needs to move to a new HMRC system from March 30 this year. The CHIEF system is being fully replaced by the Customs Declaration System, and anyone who has...
Make sure your will is up-to-date and you have planned for IHT
19 March 2024 | Mrge_Acontants
Many of us will die without a will because it is something that we fail to get around to, often because we don’t want to think about our own demise. Around half of UK...
End of tax year planning starts now – use up any allowances
14 March 2024 | Mrge_Acontants
Now is the time to start thinking about your end-of-year tax planning while there is still time to maximise the benefit of any allowances you haven’t used yet this tax year. The end of...
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