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Jersey consultation on 1984 trusts law
The government of Jersey is consulting on five draft amendments to the Trusts (Jersey) Law 1984. Responses should be submitted by 16 August...
Tax practice news from around the country.
Self assessmentThe second payment on account towards income tax liabilities and class 4 National Insurance contributions for 2023-24 is due by 31 July...
The Labour party said, in the run-up to the election, that it would not hold a budget without forecasts from the Office of Budget Responsibility. Meanwhile, there is no shortage of...
The cost of living crisis is increasing the tax bill pressure on small and medium-sized entities (SMEs) with more than 430,000 firms currently struggling to pay money owed to HMRC,...
A quarter of all PAYE employees have received an incorrect pay cheque at least once, reveals new research from the Global Payroll Association (GPA).The association commissioned a...
More than half of high net worths (HNWs) (55%) feel that the UK is not supportive of wealth creation or creators, according to a survey conducted by Wealth Club.Some 42% of...
1 August 2024Payment of corporation tax liabilities for periods ended 31 October 2023 if not liable to pay by instalments.Outstanding 2022-23 self-assessment tax returns now...
Taxpayers who made voluntary National Insurance class 2 contributions in their 2022-23 self-assessment returns may have found that, due to a glitch in HMRC’s systems the...
The total number of company car users in 2022-23 was 760,000, up 40,000 from the previous year – the first rise since 2015-16, according to government statistics. However,...
Two thirds of UK tax professionals have already embraced artificial intelligence, according to a new report How generative AI is transforming tax practice from Tolley (publisher of...
In 2024-25 there will be an estimated 37.4 million income taxpayers, up 4.4 million from when thresholds were frozen in 2021-22, according to HMRC statistics. This includes 8.5...
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