Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Self Assessment tax hits record £4.4bn rise Taxman collects £23bn more in taxes this tax year. Click here for more details. HMRC call wait time down to 19 minutes Webchat usage rises as phone calls decline. For more...
As the end of the 2024/25 tax year approaches on 5 April, it is also a good time to review your affairs, making the most of opportunities to maximise your income and minimise your tax, writes Pearson May partner Jacqui Bowden. Some tax planning may require action to be taken before 5 April. I will...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Self Assessment deadline missed by 1.1m Despite a rush, more than a million taxpayers failed to file on time. Click here for more details. Small employer relief rate for statutory pay rises to 8.5% Higher compensation from April eases small...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Around 3.4m taxpayers still to file for Self Assessment File now to avoid penalties and interest charges, says HMRC. Click here for more details. Lenders challenge Bank of England’s loss-absorbing capital rules Banks argue requirements exceed international standards. To...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Capital Gains Tax boosts Treasury income Budget-driven CGT rises 60% in three months. Click here for more details. Graduates risk student loan bills with pay rise Overtime risks tipping graduates into loan obligations. To find out more, click here
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Extra HMRC funding recovered £45.7bn last year Tax investigations raise 28% more than 2023. Click here for more details. Treasury losing revenue from spirit excise Industry calls for tax reform to boost growth. To find out more, click here
HM Revenue & Customs (HMRC) has urged taxpayers to be alert to scams as the Self-Assessment season picks up. As many people are filing their tax returns around this time of year, fraudsters can try to take advantage of this by attempting to contact taxpayers asking them to disclose personal information about their tax...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. New HMRC scheme targets excessive R&D tax claims Voluntary disclosure can mitigate penalties for excessive research & development claims. Click here for more details. More than 90,000 Self Assessment tax returns filed over Christmas HMRC urges those who have yet...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC issues guidance on foreign tax relief claims Taxpayers urged to check double tax agreements. Click here for more details. Number of UK businesses using tax havens halves Fewer companies avoid UK tax through offshore schemes. To find out...
As this year draws to a close, many employers will be looking for ways to reward their teams’ hard work. But how can you do that in a tax-efficient way that benefits both you and your employees? Here Pearson May partner Matthew Rutter takes a look at the main tax considerations to bear in...
