2024 - Page 11 of 41

05 Sep 24

Penalties for late filing of company accounts

There are late filing penalties which are designed to encourage companies to file their accounts and reports on time. All companies, private and public, large or small, trading or

03 Sep 24

Could an interest rate reduction reduce government expenditure?

A 1% reduction in the Bank Rate would reduce the UK government's annual interest charges on the national debt, but the exact amount of the reduction depends on the proportion of

03 Sep 24

What is the new National Wealth Fund

The UK's new National Wealth Fund (NWF) represents a significant shift in the government's approach to fostering economic growth and addressing climate change. Established by the

29 Aug 24

CGT Gift Hold-Over Relief

Gift Hold-Over Relief is a tax relief that defers the payment of Capital Gains Tax (CGT). It can be claimed when assets, including certain shares, are gifted or sold below their

29 Aug 24

Medical and dental care for employees

There is no requirement for employers to pay tax and National Insurance on certain health benefits covered by tax concessions or exemptions. For example, there is no requirement to

29 Aug 24

Carry forward a company trading loss

There are a significant number of reliefs available to businesses that suffer losses. Certain losses that your company has not used in any other way can be carried forwards against

29 Aug 24

Could you claim Pension Credits?

Pension Credits can provide extra income to those over State Pension age and on a low income. The credits were first introduced back in 2003 to help keep retired people out of

29 Aug 24

Claim tax deduction for working from home

Employees who are working from home may be eligible to claim a tax deduction on certain work-related bills. If their employer does not cover these expenses or allowances, they can

29 Aug 24

Advising HMRC about additional income

There is an online tool available on GOV.UK that allows taxpayers to check if they need to advise HMRC about additional income they receive. The online tool can be found at

27 Aug 24

Negative equity

Negative equity occurs when the value of an asset, typically a property, falls below the outstanding balance on the loan or mortgage secured against it. In other words, the amount

Year: 2024

Penalties for late filing of company accounts

Could an interest rate reduction reduce government expenditure?

What is the new National Wealth Fund

CGT Gift Hold-Over Relief

Medical and dental care for employees

Carry forward a company trading loss

Could you claim Pension Credits?

Claim tax deduction for working from home

Advising HMRC about additional income

Negative equity

Car and van fuel benefit charges from 6 April 2025

What is a discretionary trust?

Close company anti-avoidance measure

SJPR