One of the more impactful changes in the recent budget was the easing of the High Income Child Benefit Charge. Up to 5 April 2024, this has been recovering Child Benefits received by parents if the total income of one or more parent exceeded £50,000. Basically, parents with income between £50,000 to £60,000 have had […]
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Save on Easter child-care costs
March 19th, 2024
HM Revenue and Customs (HMRC) issued a press release recently reminding working families to save money on their childcare costs in time for the school holidays by making use of the Tax-free Childcare support. With the Easter break looming, families yet to sign up for Tax-Free Childcare could be missing out on annual savings of […]
Companies House introduces changes
March 14th, 2024
As we have mentioned in previous posts, Companies House have been tasked with introducing a number of changes introduced by the Economic Crime and Corporate Transparency Act 2023 (ECCT Act), that came into force on Monday 4 March 2024. Changes introduced 4th March include: greater powers to query information and request supporting evidence; stronger checks […]
Impact of the Spring Budget 2024
March 12th, 2024
We all knew that the Chancellor would have restricted options when considering the contents of his recent spring budget announcement on 6 March. But it seems he has the skills after all to “play tennis” with his arms tied behind his back… Would there be a combination of tax cuts and public expenditure cuts, or […]
Tax Diary March/April 2024
March 11th, 2024
1 March 2024 – Due date for Corporation Tax due for the year ended 31 May 2023. 2 March 2024 – Self-Assessment tax for 2022-23 paid after this date will incur a 5% surcharge unless liabilities are cleared by 1 April 2024, or an agreement has been reached with HMRC under their time to pay […]