December 2023 - SJPR UK

20 Dec 23

Tax consequences of loans to employees

An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference between the interest the employee pays, if any,

20 Dec 23

Employing staff for first time

There are a multitude of rules and regulations that you must be aware of when you start employing staff for the first time. HMRC’s guidance sets out some important issues to be

20 Dec 23

HMRC awards £5.5m in grant funding

HMRC’s has awarded twelve voluntary and community sector organisations a share of £5.5 million in funding to help customers with their tax affairs. The £5.5 million funding pot

20 Dec 23

Tax and duties on goods sent from abroad

There are special rules to ensure that goods sent from abroad are taxed appropriately and to ensure that UK businesses supplying goods in the UK - for example by having to compete

20 Dec 23

Helpline delays at HMRC

HMRC’s self-assessment (SA) helpline will focus on priority queries from 11 December until 31 January. Whilst the helpline is focusing on priority calls in the run-up to the filing

20 Dec 23

Obtaining the HMRC mobile app

HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The latest version of the app includes some updated

19 Dec 23

Season’s greetings and a prosperous 2024

As Christmas arrives the week before the calendar year-end, many of us will enjoy a week’s shut down and have time to relax and enjoy the break with our family and friends. The

19 Dec 23

Investment v costs

There are two ways to consider the effects or benefits of business and personal expenditure. The payment of rates or utility costs are an essential part of our daily expenditure,

14 Dec 23

CGT exempt allowance halving from April 2024

The annual exempt amount applicable to Capital Gains Tax (CGT) is to be halved from April 2024. This means that the exempt amount will be reduced from £6,000 currently, to £3,000

14 Dec 23

Tax Diary January/February 2024

1 January 2024 - Due date for Corporation Tax due for the year ended 31 March 2023. 19 January 2024 - PAYE and NIC deductions due for month ended 5 January 2024. (If you pay your

Month: December 2023

Tax consequences of loans to employees

Employing staff for first time

HMRC awards £5.5m in grant funding

Tax and duties on goods sent from abroad

Helpline delays at HMRC

Obtaining the HMRC mobile app

Season’s greetings and a prosperous 2024

Investment v costs

CGT exempt allowance halving from April 2024

Tax Diary January/February 2024

Tax Diary May/June 2025

Be wary of the legitimacy of post-termination employment restrictions – they may not be reasonable or enforceable

Make the most of trivial benefit payments 2025-26

SJPR