Reporting employee changes to HMRC

Reporting employee changes to HMRC

There are rules that businesses must follow when they are reporting employee changes. These changes must be sent to HMRC using a Full Payment Submission (FPS). The FPS is a submission that is required every time you pay your employees and must be submitted on or before the usual date you pay your employees. The […]

Eligibility for the VAT Flat Rate Scheme

Eligibility for the VAT Flat Rate Scheme

The VAT Flat Rate scheme is open to VAT registered businesses that expect their taxable turnover in the next 12 months to be no more than £150,000, excluding VAT. The annual taxable turnover limit is the total of everything that a business sells during the year that is not VAT exempt. Under the scheme rules, […]

Beware fake tax rebate offers

Beware fake tax rebate offers

HMRC continues to warn of the ever-present problem of fraudulent phishing emails, suspicious phone calls and texts offering fake tax rebate offers. These unwanted emails, phone calls and texts are being sent from around the world as HMRC and other agencies continue to combat the problem. These messages aim to obtain taxpayers personal and or […]

Spring Budget 2024 Unveiled by Chancellor Jeremy Hunt

Spring Budget 2024 Unveiled by Chancellor Jeremy Hunt – by Simon Wilkinson, Director, Botting & Co Overview of the Spring Budget 2024 Highlights The chancellor, Jeremy Hunt unveiled the Spring Budget 2024 in what is likely to be the last financial/fiscal event of this parliament before the next election, although is possible that there will […]

Budget summary 6 March 2024

As expected, the Chancellor has found wriggle room in his fiscal rules that have allowed him to please his fellow Conservatives by reducing the impact of taxation. Not an unfamiliar tactic for a government in a general election year.   The impact of tax changes announced are summarised below.   Impact on personal finances   […]

Are you missing out on the Marriage Allowance?

According to HMRC, couples who are married or in civil partnerships could be due a financial boost by sharing unused tax allowances. HMRC has revealed that March is the most popular month for Marriage Allowance (MA) applications, with almost 70,000 couples applying in March last year. And with the option to backdate their claim for […]

Government backtracks on Double Cabs Pickups

This update is only with reference to DCPUs with a payload of one tonne or more. DCPUs with a payload of less than one tonne continue to be treated as cars. On Monday 12 February 2024 HMRC updated its guidance on the tax treatment of Double Cab Pick Ups (DCPUs), following a 2020 Court of […]

Skills Bootcamps

Skills Bootcamps help you develop new skills that employers are looking for. They are a great opportunity to train in a new industry or progress in your current career. Types of Skills Bootcamps There are hundreds of Skills Bootcamps available across many areas, for example: digital, including data engineering, software development and marketing; technical, including […]

Self-Assessment tax returns 2023-24

We have just passed the filing deadline for the 2022-23 tax year, and any 2022-23 returns filed after 31 January 2024 will be subject to late filing penalties. However, this post is focussed on processing your returns for 2023-24 and the message is, lets get your returns processed as soon as possible after 5 April […]