May 2024 - Page 3 of 4

16 May 24

Beneficial tax-exempt loans

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,

16 May 24

Register an overseas company

An overseas company must register with Companies House if they want to set up a place of business in the UK. This would mean that the overseas company has a physical presence in

16 May 24

Employing staff for the first time?

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

13 May 24

Company names – new regulations

A recent post by Companies House confirmed that they are now using new powers to challenge the registration of certain company names. Extracts from their recent blog post is

13 May 24

Customs declaration deadline

A reminder that businesses must submit all export declarations through the Customs Declaration Service (CDS) by 4 June. Businesses exporting goods have less than one month left to

09 May 24

Lifetime transfers and liability to IHT

There are special rules concerning the liability to IHT of a transfer made during a lifetime. For example, most gifts made during a person's life are not subject to tax at the time

09 May 24

Do you need to register for Economic Crime Levy?

The Economic Crime Levy is a levy that applies to businesses that are already regulated for anti-money laundering purposes. Your business must register if your UK revenue is £10.2

09 May 24

How to claim R&D expenditure credit

In the Autumn Statement last year, it was announced that the existing R&D Expenditure Credit and Small and Medium Enterprise Scheme would be merged from April 2024. The merged

09 May 24

Check if HMRC contact is genuine

HMRC’s published guidance titled ‘Check genuine HMRC contact that uses more than one communication method’ has been updated. The list is intended to help taxpayers check if recent

09 May 24

Act now to claim dormant funds

The Ministry of Justice has published an urgent warning for anyone with unclaimed dormant funds held by the Courts Funds Office (CFO). Recent changes in legislation have changed

Month: May 2024

Beneficial tax-exempt loans

Register an overseas company

Employing staff for the first time?

Company names – new regulations

Customs declaration deadline

Lifetime transfers and liability to IHT

Do you need to register for Economic Crime Levy?

How to claim R&D expenditure credit

Check if HMRC contact is genuine

Act now to claim dormant funds

Claim flat rate expenses for work clothing and tools

National Insurance credits and Child Benefit

Taxable & tax-free state benefits

SJPR