Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC clarifies rules on basis period tax reporting Basis period reform introduced in April 2023. Click here for more information Record amount of tax relief paid out to creative industry TV relief overtakes film tax relief. Find out more here...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Govt. to reform personal insolvency framework Policy will align framework with ‘the needs of 21st century stakeholders’. Click here for more information One million more pulled into tax on savings Over 2.7m will pay tax on cash interest in...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Accounting groups express concern about tax digitalisation plan Making Tax Digital is delayed until 2026. Click here for more information R&D claims to come under greater scrutiny Additional information on R&D projects now required. Find out more here
In last year’s Autumn Statement, the Chancellor confirmed that the Inheritance Tax (IHT) thresholds would be frozen until at least 5 April 2028. The current Nil Rate Band (NRB) therefore remains at £325,000 for the foreseeable future, with the Residence Nil Rate Band (RNRB) offering up to an additional £175,000 relief from IHT, writes Pearson...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Chartered Institute of Taxation: Taxpayers using pilots must not be disadvantaged Tax institute flags concerns following HMRC consultation. Click here for more information MPs call for multi-billion pound tax break transparency Tax system labelled as overly complicated. Find out...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Government proposes merging R&D tax relief schemes Changes would present opportunities for tax simplification. Click here for more information Service levels undermining HMRC charter commitments HMRC scores 2.3 out of 10 for responsiveness. Find out more here
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Taxpayer satisfaction with HMRC services falls Four-in-10 taxpayers unable to speak to adviser over the phone Click here for more information HMRC has ‘enormous amount of work’ to deliver MTD on time Accountants call for ‘fresh thinking’ on Making...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. R&D tax relief crackdown allegedly deterring genuine claims Valid claims are apparently being rejected by HMRC. Click here for more information Chancellor aims to boost pension funds by £1,000 a year Announcement part of wider pension reforms. Find out...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. SMEs responsible for 56% of tax gap Tax gap rises by 5% to £36bn. Click here for more information HMRC raises late payment interest rates Interest on tax debt rises to 7.5%. Find out more here
The tax benefits of making pension contributions can be significant and with the announcements in the Budget earlier this year which increased the annual allowance and abolished the lifetime allowance, it is more important than ever to make sure you are making as much use of your allowances as possible, writes Pearson May partner Jacqui...
