by admin | Jun 22, 2023 | National Insurance |
In certain circumstances it can be beneficial to make voluntary National Insurance Contributions (NICs) to increase your entitlement to benefits, including the State or New State Pension. Usually, HMRC allow you to pay voluntary contributions for the past 6 tax...
by admin | Jun 22, 2023 | Income Tax |
HMRC is currently writing to UK residents who were named in the leaked Pandora Papers and offering them the chance to regularise their tax affairs. The letters are being sent to UK residents named in the files of 14 offshore financial service providers. During...
by admin | Jun 19, 2023 | Business Support |
From 14 June 2023, the latest set of changes mandated by the Charities Acts 2022 came into force. Changes now in place include simplified legal requirements that charities must comply with before selling, transferring or leasing land, and new statutory powers to...
by admin | Jun 15, 2023 | Income Tax |
The settlement legislation is intended to prevent an individual from gaining a tax advantage by diverting his or her income to another person who is liable at a lower rate of tax or is not liable to Income Tax. Where a settlor has retained an interest in a property in...
by admin | Jun 15, 2023 | Employee Benefits |
There is no requirement for employers to pay tax and National Insurance on certain health benefits covered by tax concessions or exemptions. For example, there is no requirement to report employees’ medical or dental treatment or insurance if they are a part of...
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