As we enter the 2024/25 tax year, below is a list of key tax changes that came into effect from the 6th April 2024. Individuals The personal allowance remains unchanged at £12,570. The personal allowance is the amount of income a person can earn before paying tax. The...
Post-lockdown it seems we are all busier than ever, keeping up to date with daily tasks, responding to communication and liaising with staff, clients and customers, but even while extremely busy, it’s still vitally important to consider tax planning not only from a...
When a company pays foreign entertainers and/or sportspersons and their personal allowance is exceeded, tax must be deducted, this is called withholding tax. The company would pay HMRC as a payment on account against the entertainers or sportspersons final UK tax...
The normal starting point for a Tax Healthcheck is the Personal Tax Return. For the purpose of this article, I wanted to focus on the Corporate Balance Sheet as a vehicle for conducting a Tax Healthcheck. Let’s look at some of the issues which might arise. Fixed...
