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The annual exempt amount applicable to Capital Gains Tax (CGT) is to be halved from April 2024. This means that the exempt amount will be reduced from £6,000 currently, to £3,000 from April 2024. The exempt amount was as high as £12,300 2022-23.

Any

A reminder that the main rate of Class 1 Employee National Insurance contributions (NIC) will be reduced from 6 January 2024. This change will see Class 1 NICs reduced by 2% from 12% to 10% in a change set to benefit some 27 million employees.

This

When a new employee is added to the payroll it is the employer’s responsibility to ensure they meet the employee’s rights and deduct the correct amount of tax from their salary.

HMRC’s guidance lists the following requirements that an employer must

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. If you are using this scheme, you should ensure that rents received from lodgers during the current tax year do no exceed £7,500. The tax

There are special rules for the provision of living accommodation for employees. In most cases, employees will pay tax on any living accommodation provided by an employer unless they qualify for an exception.

However, where an employee qualifies for

If you are having trouble paying your tax on time you may be eligible to receive support from HMRC by applying for an instalment payment plan. An online payment plan for Self-assessment tax bills can be used to set up arrangements for paying tax

If you are concerned that an organisation is holding personal information you have a legal right to ask for a copy of the information that they hold about you.

If it is a public organisation, write to their Data Protection Officer (DPO). Their

Homes and businesses will be able to install rooftop solar panels more easily, under new rules that were recently announced.

Changes to permitted development rights rules will mean more homeowners and businesses will be able to install solar panels

Employees who working from home may be able to claim tax relief for some of the bills they pay that are related to your work.

Employers may reimburse employees for the additional household expenses incurred if regularly working at home. The relief

The government published the Autumn Finance Bill 2023 on 29 November 2023. The Bill is officially known as Finance Bill 2023-24. The Bill contains the legislation for many of the tax measures announced in the recent Autumn Statement.

The Autumn