Blog
Spring Budget 2023 Changes
In his first spring budget speech as Chancellor, Jeremy Hunt delivered many changes to the House of Commons on March 15 2023.
The importance of shareholder agreements
A clear and fair shareholder agreement can help prevent unnecessary disputes from arising, explains Hiten Patel, senior associate at KaurMaxwell. Until recently, vehicle manufacturers Renault and Nissan were locked in a complex commercial dispute, seeking to tear up...
Employer-provided loans
Employers can provide a benefit to employees by providing a tax-free and cheap loan. These loans are often given to employees for travel season tickets or to buy electronic equipment such as laptops or phones. The rules, however, apply to all loans. Tax status A tax...
Personal tax changes from 6 April 2023
Frozen tax thresholds will see more taxpayers dragged into higher rate 40% tax this year, dividend allowance and capital gains tax allowances slashed Base rate and higher rate thresholds are frozen until 2028 at £12,570 and £50,271 respectively. This will pull more...
More than a third of calls to HMRC were left unanswered in February as levels of service declined and wait times worsened
The latest HMRC performance report shows that 35% of calls to HMRC call centers were not answered compared with 27.8% in January. At the same time, 69% of callers waited more than 10 minutes for the call to be picked up, the worst performance since April 2022, while...
How Cashflow Projections Can Help Your Business
If you’re unsure what cashflow projections are and how they can benefit your business, this article will explain everything in detail.
What Should I Do During A Furlough Investigation?
Even if you legally claimed furlough support, you might be subject to an HMRC investigation. Here’s what you can do.
Employers: Set up PAYE direct debits nine working days before collection
HMRC has informed ICAEW’s Tax Faculty of a delay to the processing time to set up any new variable direct debits (DDs) to pay employers’ PAYE from 22 March onwards. HMRC has indicated to ICAEW that employers need to allow extra time to set up any new variable DDs to...
Check your national insurance record before 5 April 2023
ICAEW urges those planning to claim the UK state pension to check their national insurance (NI) record before 5 April 2023. Currently, voluntary contributions can be made to plug gaps back to April 2006, but this will be curtailed from April. The Tax Faculty has...
What You Need to Know About Tax Investigations
It’s best to understand why and how tax investigations happen so you’re not completely caught off guard. Here’s what you need to know.