2024 - Page 40 of 44

08 Feb 24

Alcohol duty freeze takes effect

As part of the Autumn Statement measures the Chancellor announced that the duty rates on beer, cider, wine and spirits would be frozen at the current rates until 1 August 2024.

08 Feb 24

Record number of taxpayers file on time

HMRC has confirmed that more than 11.5 million people submitted their 2022-23 self-assessment tax returns by the 31 January deadline. This included over 778,000 taxpayers who left

08 Feb 24

Reporting employee changes to HMRC

There are rules that businesses must follow when they are reporting employee changes. These changes must be sent to HMRC using a Full Payment Submission (FPS). The FPS is a

08 Feb 24

Landlords – claiming maintenance and repairs costs

Landlords are able to claim for allowable expenses as a deduction from their rental income when calculating taxable rental profits to declare to HMRC. The expenses must relate

08 Feb 24

Should you pay tax on selling goods online?

HMRC has published new guidance for taxpayers that regularly sell goods or services through an online marketplace. The guidance makes it clear that this activity could be treated

08 Feb 24

Using your own vehicles for work-related journeys

If you are an employee and use your own money to buy things you need for your job you can sometimes claim tax relief for the associated costs. Usually, it is only possible to claim

06 Feb 24

Government promotes electric vehicles

The government department active in the promotion of electric vehicles has published guidance regarding the costs, charging issues and infrastructure. We have extracted a few

06 Feb 24

Does your business offer customs services?

If your business does offer customs services, did you know that HMRC could offer you a free listing on their published lists. HMRC do not vet, approve or recommend individual

01 Feb 24

Joining or leaving the VAT Cash Accounting Scheme

The VAT Cash Accounting Scheme can offer useful benefits to small businesses. Under standard VAT accounting, VAT is payable on sales whether or not the customer has paid and can

01 Feb 24

Capital sums derived from assets

HMRC’s guidance is clear that where a capital sum is derived from an asset, the relevant legislation treats the owner as having made a disposal for capital gains purposes. The

Year: 2024

Alcohol duty freeze takes effect

Record number of taxpayers file on time

Reporting employee changes to HMRC

Landlords – claiming maintenance and repairs costs

Should you pay tax on selling goods online?

Using your own vehicles for work-related journeys

Government promotes electric vehicles

Does your business offer customs services?

Joining or leaving the VAT Cash Accounting Scheme

Capital sums derived from assets

VAT exempt supplies

Claiming tax relief on pension contributions

Tax write-offs for an electric car with zero emissions

SJPR