by murtaza@recruitico.com | Apr 21, 2023 | news
I have a client who owns 25% of the ordinary voting shares of a close company, but she is not a director or employee nor is she connected to a director or employee of the company. The company has lent her father £25,000 interest-free. As neither her father nor the...
by murtaza@recruitico.com | Apr 21, 2023 | news
The launch of a social care levy from 2022 will see taxpayers facing a 1.25% tax charge under government plans, while dividend tax will also rise. From April 2022, the government will introduce a new, UK-wide 1.25% Health and Social Care Levy, ringfenced for health...
by murtaza@recruitico.com | Apr 21, 2023 | news
HMRC has waived late filing and late payment penalties for self assessment taxpayers by one month, effectively delaying the tax return deadline to 28 February The tax authority has announced that it will not give out financial penalties for late filing and late...
by murtaza@recruitico.com | Apr 21, 2023 | news
The Chancellor has confirmed that he will cut national insurance by 1.25% for employees and employers from 6 November Scrapping the rise will reduce tax for 920,000 businesses by nearly £10,000 on average next year as they will no longer pay a higher level of employer...
by murtaza@recruitico.com | Apr 21, 2023 | news
Ross Palmer, senior tax manager at Sayer Vincent, explains the tax benefits of charitable donations to mark Gift Aid Awareness Day on 6 October, organised by Charity Finance Group (CFG) This year’s #TickTheBox campaign will focus on the value of Gift Aid and charities...
by murtaza@recruitico.com | Apr 21, 2023 | news
The Prime Minister Liz Truss has u-turned on corporation tax, with plans to go ahead with the increase to 25% from April 2023, after sacking Chancellor This will raise £18bn for the Exchequer and will see corporation tax for larger businesses increasing from 19% to...
