George Hay Blog

Payrolling of benefits mandatory from April 2026
November 22, 2024

Payrolling of benefits mandatory from April 2026

From April 2026, payrolling of benefits will become mandatory. This will significantly change the way that employee benefits are reported and taxed in the UK. So, what do employers need to know? Under the new rules, all UK employers must payroll benefits-in-kind (BIKs) instead of submitting P11D forms each year.
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Much Ado About Nothing
January 23, 2024

Much Ado About Nothing

The start of the month saw a frenzy in the media and online about HMRC using new powers to target traders on sites such as Ebay. Within days, there were online postings by people saying it was unfair that they would now be taxed on selling their children’s clothes whilst
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Understanding the Employment Allowance: Why is it so important?
November 16, 2023

Understanding the Employment Allowance: Why is it so important?

For UK employers, who face a myriad of obligations, responsibilities and challenges in the course of hiring and retaining employees, the Employment Allowance can be a vital financial aid. This blog explores the importance of understanding the Employment Allowance, and how it can positively impact your business. What is the
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Is it time to switch and save on your utility bills?
November 14, 2023

Is it time to switch and save on your utility bills?

Thanks to increased demand and limited supply, amongst other influential factors, the UK energy market has fluctuated a lot since 2021, and rising utility bills are still a significant concern for many UK businesses today. Unlike for households there is no price cap on business energy, and with Government support
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Setting up a Limited Company in the UK: A Wise Business Move?
November 10, 2023

Setting up a Limited Company in the UK: A Wise Business Move?

When it comes to structuring your business, there are several options to consider – one of which is to establish yourself as a limited company. But, is this a wise business move? Ultimately, which structure you adopt depends on your circumstances, your objectives and existing tax thresholds; this means that
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5 historical taxes you might not have heard of
November 7, 2023

5 historical taxes you might not have heard of

With the Chancellor due to give his Autumn Statement on 22 November, and with talk of possible tax tinkering, this got us thinking about UK tax and some of the more obscure historical taxes we’ve seen come and go in years past. In this blog we take a look at
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Probate property sales, shares and IHT impacted by registry delays
November 3, 2023

Probate property sales, shares and IHT impacted by registry delays

With the Probate Registry tackling a backlog of applications, probate property sales are suffering as a result of delays. In addition families are experiencing issues with payment of Inheritance Tax (IHT). Applications are taking anywhere between 16 and 26 weeks to be processed, and a grant issued. When talking with
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