HMRC’s latest update re PAYE issues

by Jessica Garbett | Mar 29, 2023 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Including commentary on Direct Debit payments and Time to Pay ACCA brings the following updates from HMRC to your attention. Employer PAYE...

Personal companies and business asset disposal relief

by Jessica Garbett | Mar 27, 2023 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA How to maximise BADR when establishing a personal company Since 6 April 2008, Business Asset Disposal Relief (formerly known as...

YogaTax Deadline Policy

by Jessica Garbett | Mar 23, 2023 | YogaTax News

We have today published a new policy on our website   Deadline Policy Deadline Policy – our policy around managing worksflows for statutory deadlines and the respective duties and obligations of ourselves and clients By way of background, most filings for HMRC...

The looming abolition of basis period for sole traders and partnerships

by Jessica Garbett | Mar 22, 2023 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA. Finance Act 2022 abolishes the basis period rules, moving all sole traders and partnerships to the tax year basis for 2024/25 onwards. This...

Lowest paid workers now free to apply for second jobs

by Jessica Garbett | Mar 20, 2023 | Business News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Employers are no longer able to stop lower paid workers from taking a second job with another employer by using so-called ‘exclusivity’...

Corporation Tax: Associated companies and corporation tax: examples

by Jessica Garbett | Mar 17, 2023 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Computation examples to illustrate the forthcoming changes From 1 April 2023 companies with taxable profits over £250,000 will pay...

Corporation Tax: Exemptions under the associated companies changes

by Jessica Garbett | Mar 17, 2023 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Where will exemptions apply for associated companies under the forthcoming corporation tax changes? From 1 April 2023 companies with taxable...

Corporation Tax: Corporation tax and associated companies

by Jessica Garbett | Mar 17, 2023 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Help with understanding the looming Corporation Tax changes From 1 April 2023 companies with taxable profits over £250,000 will pay...

Spring 2023 Budget – A First Look

by Jessica Garbett | Mar 15, 2023 | Business News, Tax News

Perhaps its a sign of age that just as policemen get younger, budgets come around sooner.  It doesn’t seem that long since the last time I was writing one of these summaries. Here are some first thoughts on today’s – 15th March 2023 – budget. ...

HMRC Penalties for late filing or late payment

by Jessica Garbett | Mar 15, 2023 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A comprehensive look across different types of tax Penalties for late filing of returns and paperwork or late payment differ according to...

The new penalty regime for late VAT payments

by Jessica Garbett | Mar 13, 2023 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA All you need to know about the new points-based approach For VAT returns for accounting periods starting on or after 1 January 2023 a new...

Check your cybersecurity

by Jessica Garbett | Mar 8, 2023 | Business News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA NCSC launches new tools to help with verification The National Cyber Security Centre (NCSC) which is part of the governments Communication...

Associated companies and corporation tax

by Jessica Garbett | Mar 3, 2023 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A detailed look at how control is defined for associated companies As of 1 April 2023, companies with taxable profits over £250,000 will pay...

ACCA: Companies House reform – identity verification

by Jessica Garbett | Feb 13, 2023 | Business News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Find out how the Economic Crime and Corporate Transparency Bill might affect you In an early warning, Companies House has highlighted reforms...

ACCA: Stay on top of your workplace pensions duties

by Jessica Garbett | Feb 10, 2023 | Business News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A new campaign reminds employers of their responsibilities The Pensions Regulator (TPR) has recently launched a new campaign warning...