The cost of living increases, and in particular the high profile fuel cost increases, are creating pressure upon the Treasury and HMRC to revisit their fuel mileage allowances, which have remained unchanged for many years. Employers may reimburse more than the...
HSKSG Tax Director Martin Tomes gives his initial reaction to today’s Spring Statement. The increase in the personal threshold at which earners start paying NIC’s should help the lower paid. The April 1.25% increase is still coming in but the announcements made...
Just a quick update to my previous blog post which covered the delay in implementing the extension to Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) to businesses and landlords until 2024. It has now been announced that the introduction of the basis...
The government announced late last week they are to extend the deadline for implementing MTD for income tax self assessment (ITSA) that was initially scheduled to have effect from April 2023. The measure was to have affected circa 4.2 million taxpayers with business...
Following Prime Minister Boris Johnson’s announcement of the introduction of a new health and social care tax to boost funding for the NHS, in this blog post I take a look at what this means for you. The social care levy will initially see employees and the...
In part one of his blog post on valuing your business, HSKS Greenhalgh Corporate Finance Director Colin Peacock looked at why it’s important to firstly work out what is is you’re actually selling. As he explains in part two, once you’ve gathered together...
