July 2024 - SJPR UK

29 Jul 24

AI expert to lead action plan

New UK Science Secretary, Peter Kyle, has put Artificial Intelligence or AI at the heart of the government’s agenda to deliver change, sustained economic growth and improved public

29 Jul 24

Tax Diary September/October 2024

1 September 2024 - Due date for corporation tax due for the year ended 30 November 2022. 19 September 2024 - PAYE and NIC deductions due for month ended 5 September 2024. (If you

29 Jul 24

Labour market stats not encouraging

The number of people classed as economically inactive has spiraled to 9.4 million. Data published by the Office for National Statistics (ONS) shows the percentage of people

25 Jul 24

Thinking of selling your business?

Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. When the relief if

25 Jul 24

Current CGT rates

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals. If taxpayers only pay basic rate tax and

25 Jul 24

Considering a significant gift?

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

25 Jul 24

The marginal rate of Corporation Tax

The Corporation Tax Main Rate applies to companies with profits in excess of £250,000. The applicable rate is currently 25%. A Small Profit Rate (SPR) of 19% applies to companies

25 Jul 24

Let Property Campaign

The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by

25 Jul 24

Register for VAT One Stop Shop Scheme

The VAT Import One Stop Shop (IOSS) Scheme applies to goods imported in consignments with a value of £135 or less (known as low value goods) from countries outside the EU and

23 Jul 24

The ‘fiscal’ goal posts will be moving

In the coming months we will start to see how our new government intends to change the UK tax rules to further its economic growth agenda. Whatever they decide to do, readers who

Month: July 2024

AI expert to lead action plan

Tax Diary September/October 2024

Labour market stats not encouraging

Thinking of selling your business?

Current CGT rates

Considering a significant gift?

The marginal rate of Corporation Tax

Let Property Campaign

Register for VAT One Stop Shop Scheme

The ‘fiscal’ goal posts will be moving

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