Spring Budget 2024

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Spring Budget 2024

The latest Budget was an important speech for the Chancellor, Jeremy Hunt, and his Government, as he laid out key measures likely to affect his party’s success at the ballot box later this year.

Putting the brakes on excessive National Insurance payments through car allowances

Businesses may be able to reclaim significant amounts of National Insurance Contributions (NICs) and plan for future savings because of a recent Tribunal ruling on how car allowances are taxed. Brought by Wilmott Dixon and Laing O’Rourke in their capacity as employers, the Tribunal upheld the firms’ argument that car allowance payments should qualify for …

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Please leave a message – HMRC dispute resolution hotline restricted to answerphone

HM Revenue & Customs (HMRC) has made a significant change to the way that some taxpayers access its alternative dispute resolution (ADR) scheme. Where applicants for ADR could previously speak with a call handler, they will now be asked to leave a voicemail on the new 24-hour service. Available to anyone seeking to settle a …

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National Insurance credit scheme will be introduced to tackle child benefit gaps

The Government plans to introduce new legislation to help parents who earn more money than others with their future pensions. In essence, if you did not claim child benefit because you earned over £50,000 when you had children, you will soon be able to claim National Insurance credits. These credits are important for getting the …

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Trivial benefits in kind: A quick guide for employers

Making employees feel valued is critical for their morale, engagement, and overall well-being. Often, it’s the smaller gestures that have the most significant impact on employees’ perceptions of their work environment and employers. What are trivial benefits in kind? The term ‘trivial benefits in kind’ refers to minor token gifts that employers can offer staff …

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Can you afford to miss your Companies House deadline?

For limited companies registered and operating in the UK, one of the requirements that directors must meet is filing annual accounts with Companies House. Comprising a collection of different documents, filing with Companies House ensures that the publicly available information about your company is correct. Because it is so important, there are penalties for not …

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