2024 - Page 11 of 44

03 Oct 24

Starter checklist for PAYE

When hiring a new employee, employers must determine the appropriate tax code and starter declaration for their payroll software. Using incorrect tax codes can result in the new

03 Oct 24

Check your State Pension age

HMRC’s 'Check your State Pension age' tool is available at www.gov.uk/state-pension-age/y. The online tool allows taxpayers to check the following: the earliest age they can

03 Oct 24

Cash in Child Trust Funds

HMRC has issued a press release urging 18-22 year olds who have yet to claim their Child Trust Fund (CTF) cash to do so as soon as possible. According to HMRC, over 670,000 young

30 Sep 24

Beware fake parking fine texts

The Driver and Vehicle Standards Agency (DVSA) is warning that scammers are sending text messages about fake DVSA parking penalty charges. The text messages warn people that they

30 Sep 24

Setting up a Civil Partnership

Civil Partners enjoy the same tax and other advantages as married couples. To set up a civil partnership in England or Wales, both partners must be eligible, meaning they are over

26 Sep 24

Redundancy pay and tax

There is a tax-free limit of £30,000 for redundancy pay regardless of whether it is your statutory redundancy payment or a higher payment from your employer. If you have been

26 Sep 24

VAT group registration

There are special VAT rules that allow two or more companies or limited liability partnerships, commonly referred to as ‘bodies corporate’, to be treated as a single taxable person

26 Sep 24

What is fiscal drag?

The freezing of tax thresholds often leads to a phenomenon known as fiscal drag. When tax thresholds remain unchanged, taxpayers will likely pay more tax as their earnings rise

26 Sep 24

Higher rate relief pension contributions

You can typically claim tax relief on private pension contributions up to 100% of your annual earnings, subject to certain limits. Tax relief is applied at your highest rate of

26 Sep 24

Current rates for Capital Gains Tax (CGT)

CGT is generally charged at a flat rate of 20% on most chargeable gains for individuals. However, if taxpayers are within the basic rate tax bracket and make a small capital gain,

Year: 2024

Starter checklist for PAYE

Check your State Pension age

Cash in Child Trust Funds

Beware fake parking fine texts

Setting up a Civil Partnership

Redundancy pay and tax

VAT group registration

What is fiscal drag?

Higher rate relief pension contributions

Current rates for Capital Gains Tax (CGT)

VAT Reverse Charge in Construction: What You Need to Know

The Substantial Shareholdings Exemption

When can you recover VAT on a car purchase

SJPR