Monthly Archives: July 2024

According to the pundits, there are a number of issues that the new government will have to tackle if it wants to increase government revenues by achieving higher economic growth. They include: Encouraging investment Reduce unemployment, and Improve productivity Encouraging investment There are already generous tax reliefs that allow businesses to write off the full […]

Trader recommendation sites are websites and apps often used by people to find and connect to traders from a wide range of specialisms, such as building and home improvements, plumbing, and home heating. Working in partnership with four key consumer organisations – National Trading Standards (NTS), Trading Standards Scotland (TSS), The Society of Chief Officers […]

On her first visit as Secretary of State, with the rest of the Ministerial team, Liz Kendall MP will confirm the three pillars of the Government’s Back to Work Plan: A new national jobs and career service to help get more people into work, and on in their work. New work, health and skills plans […]

At some point between now and the end of 2024, Rachel Reeves will step up to the despatch box and deliver her first Autumn Statement. As tax changes announced will likely have the Office for Budget Responsibility oversight, changes announced will form the basis of the 2025 Finance Bill. And some of her commentary will […]

The Government Actuaries Department has declared it is using artificial intelligence to help government departments process consultation responses. In a recent news story, they said: “We are using artificial intelligence (AI) to help clients in government departments process responses to consultations. “This development helps public sector clients analyse responses which are submitted by people in […]

Class 1A NICs for 2023-24 are payable if you have provided employees with taxable benefits for that year. You are also required to pay them on payments of more than £30,000 that you make to employees when their employment ends, for example, if they are paid termination or redundancy payments. When to pay When you […]

The Valuation Office Agency (VOA) has issued the following warning to business rate payers who may have been approached by agencies with false claims about upcoming deadlines to appeal the 2023 rating lists. According to the VOA these claims are not true, and you should be wary of anyone making these claims. You are generally […]

1 July 2024 – Due date for corporation tax due for the year ended 30 September 2023. 6 July 2024 – Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs. 19 July 2024 – Pay Class 1A NICs (by the 22 July 2024 if paid electronically). 19 […]

The 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year started on 6 April 2024. Most taxpayers will be happy to leave dealing with their 2023-24 tax returns until later this year or even until January 2025. The 31 January 2025 is not just the final date for submission of […]

Where an error on a past VAT return is uncovered businesses have a duty to correct the error as soon as possible. As a general rule, any necessary adjustment can be made on a current VAT return. To do this, the errors must be below the reporting threshold. Under the reporting threshold rule, businesses can […]