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Tax Tips and News

  • Battle lines drawn on tax – but is there a ‘conspiracy of silence?’

    Newsletter issue – July 2024 You’ve probably heard a fair bit about tax so far in this General Election campaign, with many claims and counter-claims thrown around by the major parties. How do we know what to really make of it? For seasoned political aficionados, it is a familiar story at election time. Do the…Read More

  • Budget will loom following General Election result

    Newsletter issue – July 2024 Once the votes are all counted and we know who the winners and losers are in this year’s General Election on 4 July, minds will start turning to the implementation of the policies promised by the incoming party. Whether the next Government is Labour, Conservative, a Coalition or an even…Read More

  • Tax lost to error and ‘failure’ rises – four years on from digital tax

    Newsletter issue – July 2024 Whilst the main focus of the nation in terms of tax talk has all been about the General Election, some very interesting figures have been published this month by HMRC. Have you heard before of the phrase the ‘Tax Gap’? The stats in question surround this topic. According to the…Read More

  • As Euro 2024 kicks off, tax spotlight takes a Football focus

    Newsletter issue – July 2024 Whilst many of you will have been tuned in to watch Europe’s top footballing nations battle it out in Euro 2024 in Germany, back in the UK there has been some attention on a rarely discussed aspect of the beautiful game – tax. One strand of the conversation has been…Read More

  • July Questions and Answers

    Newsletter issue – July 2024 Q: I'm a business owner. I've recently purchased new equipment for my business costing £74,000. Specifically, could you explain how the Annual Investment Allowance (AIA) works for the 2024/25 tax year and how I can claim it for these purchases? A: Businesses can claim capital allowances for things that they…Read More

  • July Key Dates

    Newsletter issue – July 2024 6th Final deadline for businesses for filing P11Ds for employees 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you’ll owe HMRC 22nd Deadline for employers operating PAYE to pay HMRC. This is also the quarterly deadline…Read More

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