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Payrolling of benefits mandatory from April 2026

Samantha Holmes Academies, Accounting, Business, Business Support, Business Taxation, Cash flow, Charities, Construction, Economic / Business News, Elaine Shaw, Employees, Employers, George Hay, GH Payscheme, Hospitality, In the News, Industry Sectors, Large businesses, Legal, Legislation, Outsourced Services, Payroll, Professional, Research & Development, Retail, Samantha Holmes, Scientific, Small businesses, SMEs, Sole Trader, Start-ups, Tax, Team Member, Technical, Travel November 22, 2024November 22, 2024benefits in kind, business tax, employers, outsourced services, P11D, payroll, taxation 0 Comment

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

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Much Ado About Nothing

Barry Jefferd In the News, Self-Assessment, Self-employed January 23, 2024November 22, 2024online, Tax 0 Comment

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

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

Samantha Green Accounting, ATOL, Audit, Bookkeeping, Business, Business Advisory, Business planning, Business strategy, Business Support, Business Taxation, Buy-to-Let, Cash flow, Construction, Corporation Tax, George Hay, Holiday Lets, Hospitality, Industry Sectors, Landlords, Legal, Professional, Property, Property business, Research & Development, Retail, Samantha Green, Scientific, Self-Assessment, Self-employed, Small businesses, SMEs, Sole Trader, Start-ups, Tax, Team Member, Technical, Travel, VAT November 10, 2023business structure, business tax, limited company, tax planning 0 Comment

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

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5 historical taxes you might not have heard of

George Hay Chartered Accountants General, George Hay, Legislation, Tax, Tax legislation November 7, 2023November 10, 2023autumn statement, tax history, UK tax 0 Comment

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

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Probate property sales, shares and IHT impacted by registry delays

Barry Jefferd Barry Jefferd, George Hay, GH Probate, Inheritance Tax, Personal Taxation, Probate, Tax, Team Member November 3, 2023estate planning, GH Probate, inheritance tax, personal tax, probate 0 Comment

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

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Is your charity trading? Here’s what you should know

Emma Wilsher Accounting, Business, Business Advisory, Business Support, Business Taxation, Charities, Corporation Tax, Economic / Business News, Emma Wilsher, George Hay, Industry Sectors, Tax, Team Member, VAT September 21, 2023September 22, 2023badges of trade, charity sector, charity trading, corporation tax, Gift Aid, HMRC, VAT 0 Comment

Is your charity trading? There are many organisations that, perhaps, would be unsure about how to answer this question. Trading as a charity can be complex. Some charitable organisations do not necessarily recognise what they are doing could be deemed

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Airbnb hosts face tax probe and penalties for undeclared income

Barry Jefferd Barry Jefferd, Business, Business Advisory, Business Support, Buy-to-Let, Economic / Business News, George Hay, HMRC, Holiday Lets, In the News, Industry Sectors, Landlords, Large businesses, Personal Taxation, Property, Property business, Self-Assessment, Self-employed, Small businesses, SMEs, Sole Trader, Start-ups, Tax, Team Member June 16, 2023airbnb, HMRC, holiday lets, let property campaign, property tax, rent-a-room relief, trading allowance 0 Comment

HM Revenue & Customs (HMRC) are looking into the earnings of Airbnb hosts. Those not declaring their income correctly could face penalties and sanctions. This is part of routine activity to identify individuals not paying the correct amount of tax

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