Striking the perfect balance: Director’s salary and dividends for 2023/24 - May 2023
As a business owner, determining the ideal salary for company directors can be tricky. Often, most directors will want to …
683,000 higher rate taxpayers opt out of child benefit as thresholds remain frozen - May 2023
The High Income Child Benefit Charge (HICBC) was introduced in 2013 and was set up to charge tax on individuals …
Landlords are latest group targeted by HMRC ‘nudge’ letters - May 2023
Residential landlords are the latest group to have been targeted in receiving ‘nudge’ letters from HM Revenue & Customs (HMRC). …
What is the Residence Nil-Band Rate? And why does it matter to you? - May 2023
The Residence Nil Band Rate (RNRB) was introduced by the Government in 2017 and benefits families passing on their main …
Fiscal drag bites on earners - May 2023
Changes to personal tax allowances and higher interest rates have seen a growing number of people being affected by fiscal …
P11D – Are you ready to report and pay tax on Benefits in Kind? - May 2023
Benefits in Kind (BIK) cover a number of different perks or additional payments made by employers to their employees. They …
Changes to the repayment of Student Loans begin in August - May 2023
The way in which Student Loans are repaid is changing and employers need to be prepared. Currently, graduates and students …
Government announces shakeup in the payment of Benefits in Kind - April 2023
The Government has announced a shake-up in how Benefits in Kind (BIK) are paid. The move will allow tax agents …
