The introduction of a £500 income exemption on 6 April 2024 has impacted many trusts. It comes with various complications, especially as income within the £500 exemption will still be taxable in the hands of beneficiaries. The exemption is on an all-or-nothing basis. A trust with an income of £501...
Britain’s State Pension Crisis At An All Time High
The demographic time bomb facing Britain's state pension system is about to explode. As the...Companies House Reform Brings Tougher Company Checks
On March 4th, Companies House introduced wide-ranging reforms – subject to new legislation being in...Another Lesson Learned in Equal Pay
Having already paid out over £1 billion in claims, and now facing claims for further...
The outcome from the Making Tax Digital (MTD) small business review is that MTD for income tax self-assessment (ITSA) will...
November’s Autumn Statement included a package of measures to help alleviate the burden of business rates in England and on...
Changes to individual savings account (ISA) rules coming into effect from 6th April 2024 will make ISAs more user-friendly. Most...
For employees, the national insurance cut announced in the Autumn Statement took effect on 6 January. For many years, successive...
HMRC has updated its guidance to clarify that there is no taxable benefit when an employer reimburses employees who charge...
The number of trusts filing self-assessment tax returns for 2021/22 was 37% lower than for 2003/04. The decline comes as...
