Tax | Budget 2024: High Income Child Benefit Charge up to £60k

The Chancellor will increase the high income child benefit charge threshold from £50,000 to £60,000 from April 2024

6 Mar 2024

Tax

Personal Tax

HMRC

Budget

Tax | Budget 2024: employee national insurance cut by 2p

For the second time this year, the Chancellor will cut employee national insurance by 2p to 8% from the new tax year

6 Mar 2024

Tax

Personal Tax

Budget

Tax | Budget 2024: full expensing will extend to leasing

The Chancellor plans to extend full expensing to assets for leasing with draft legislation due shortly

6 Mar 2024

Tax

Budget

Tax | Budget 2024: VAT threshold increased to £90k

In a bid to support small business and sole traders, the Chancellor has increased the current £85,000 VAT threshold to £90,000

6 Mar 2024

Tax

VAT

Budget

Tax | HMRC loses NHS case over VAT on parking charges

HMRC has lost a landmark case against an NHS Foundation Trust, which affects 50 other related cases, costing the tax authority an estimated £70m

5 Mar 2024

Tax

VAT

HMRC

Case Reports

Tax | ‘Aimless’ triple-lock will pull more pensioners into tax

The state pension is predicted to surpass the lowest tax threshold by 2028 leaving thousands of pensioners at risk of tax bills

5 Mar 2024

Tax

Personal Tax

HMRC

Tax Planning

Budget

Tax | Chancellor should raise tax thresholds, say accountants

Amid rumours that the Chancellor plans to cut 2% off national insurance in the Budget, accountants warn that frozen thresholds are much more damaging

5 Mar 2024

Tax

Personal Tax

Budget

Tax | Tax filing deadlines: March - July 2024

Our handy guide to key dates for lower rates of employee Class 1 NICs to cut in dividend allowance for 2024-25 tax year

5 Mar 2024

Tax

Tax Compliance

Tax Planning

Tax | CPD module: CGT and offshore trusts

In this month’s exclusive Accountancy Daily CPD learning module we explain how capital gains tax (CGT) is charged on offshore trusts

5 Mar 2024

Tax

Personal Tax

International Tax

Tax Compliance

Tax | Accountants lose £196k Aikido tax avoidance dispute

Two directors of accountancy firm Winn & Co (Yorkshire) Ltd will have to pay tax on a £196,930 payout of distributable reserves after a Court of Appeal ruling

4 Mar 2024

Tax

Personal Tax

HMRC

Case Reports

Tax | HMRC to replace Government Gateway accounts with One Login

The government is investing £305m in a single login system for taxpayers and agents using online services such as HMRC with the launch of GOV.UK One Login

4 Mar 2024

Tax

HMRC

Tax Compliance

Technology

Tax | Sign up for Budget 2024 webinar

Croner-i tax experts will be running a Spring Budget webinar on 7 March to analyse key tax changes

1 Mar 2024

Tax

Budget

Tax | Serial gambler must pay £110k tax bill

Nine years of HMRC discovery assessments into an aspiring pro poker player resulted in a demand for £110,842 in unpaid income tax and penalties 

1 Mar 2024

Tax

Personal Tax

HMRC

Tax Compliance

Case Reports

Law and Regulation

Business

Tax | What accountants want to see in the Spring Budget

It’s now less than a week until the Budget in what could be the Chancellor’s last chance to make significant tax cuts before the general election

1 Mar 2024

Tax

HMRC

Tax Planning

Budget

Tax | Chancellor considers non-dom tax reform

With the usual high level of pre-Budget rumours, the Chancellor is apparently mulling plans to overhaul the non-dom tax regime

1 Mar 2024

Tax

Personal Tax

International Tax

Budget