HMRC has confirmed that the mandatory payrolling of benefits in kind (BIKs) will be delayed to April 2027, giving businesses more time to get to grips with the process
Instead those taxpayers will receive a national insurance credit to secure their access to contributory benefits such as the stat...
From the 2024-25 tax year, self-employed individuals with profits in excess of £6,725 no longer need to pay Class 2 national insurance contributions (NIC)
Instead those taxpayers will receive a national insurance credit to secure their access to contributory benefits such as the state pension.
...Making Tax Digital for Income Tax (MTD IT) is fast approaching, with the mandation date for sole traders and landlords with qualifying income of £50,000 and above set firmly at 6.4.26
In addition to the annual tax return, those mandated to comply with the MTD IT requirements will need to submit c...
The Check Employment Status for Tax (CEST) tool allows contractors and other individuals providing services - or businesses engaging workers to perform services for them - to determine whether the work should be treated as employment or self-employment for tax purposes
The responsibility for det...
With effect from 6.4.25 the preferential tax treatment enjoyed by UK resident individuals whose permanent home is outside the UK ('non-doms') has been withdrawn
Before this date, non-doms could benefit from the remittance basis of taxation for up to fifteen years, essentially exempting their offs...