April 2024 - Page 3 of 4

11 Apr 24

VAT retail schemes

VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are used by businesses that sell a significant amount of low value and/or

11 Apr 24

Termination payment clearance process

The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax and secondary National Insurance contributions

11 Apr 24

HMRC continues to target till fraud

HMRC has, for many years, looked to target businesses that deliberately undertake electronic sales suppression (ESS). ESS happens where a business deliberately manipulates its

11 Apr 24

Using the starter PAYE checklist

Employers that take on a new employee need to work out which tax code and starter declaration to use in their payroll software. Incorrect tax codes can lead to a new employee

11 Apr 24

Accessing 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 updated

09 Apr 24

What do we mean by profit?

When most business owners refer to business profits, they are likely to mean the difference between sales and costs, and more concisely, that sales exceed costs. However, the word

09 Apr 24

New employment protections

New legislation, including three Government backed cross party Acts, came into force from 6 April 2024. Pregnant women and new parents will now receive special treatment in a

05 Apr 24

Measures to support household budgets from 1 April

In a recent press release the government confirmed the following policies to support household incomes from 1 April 2024. The National Living Wage has officially risen from

05 Apr 24

To register or not to register

In the recent Spring Budget, the VAT registration threshold was raised to £90,000 (previously £85,000) which means that smaller businesses that did not want to register for VAT,

04 Apr 24

Tax-free mileage expenses

If you use your own vehicle for business journeys you may be able to claim a tax-free allowance from your employer known as a Mileage Allowance Payment or MAP. The allowance is

Month: April 2024

VAT retail schemes

Termination payment clearance process

HMRC continues to target till fraud

Using the starter PAYE checklist

Accessing the HMRC mobile APP

What do we mean by profit?

New employment protections

Measures to support household budgets from 1 April

To register or not to register

Tax-free mileage expenses

Tax Diary January/February 2025

When it comes to pensions, it is of paramount importance to Re-DOC on time!

The Likely Effects of Employers’ NIC Increases in 2025

SJPR