HMRC have announced that from April 2026, the Income Tax and Class 1A National Insurance Contributions (NICs) on Benefits in Kind will need to be reported and paid via payroll software rather than being submitted via annual P11D forms.
Twice a year we ask business leaders across the country to share their aspirations for the next six months and track business confidence.
Making Tax Digital (MTD) for Income Tax, also known as MTD for ITSA, was set up by HMRC as a new way for self employed business owners and landlords to report earnings and pay Income Tax.
What is the taxable turnover for 2023/24 The taxable turnover threshold determining whether businesses should be registered for VAT is currently £85,000. The taxable turnover threshold determining whether businesses can apply for deregistration is £83,000.
We wanted to remind you of the inheritance tax (IHT) implications of making cash gifts during the 2023-24 tax year ending on April 5, 2024.
Some Sage Accounting users are finding their bank feeds have been disconnected. To resolve the issues users will need to disconnect and reconnect the existing bank feed.
The directors are responsible for filing their company’s accounts and ensuring they’re filed before the filing deadline. Understanding your role and how late filing could affect your company is important.
In the recent Autumn Statement, the Chancellor announced a significant change to National Insurance contributions for both employees and self-employed people.
The recent update from HMRC has significant implications for the tax treatment of electric vehicle charging at residential properties for company cars. HMRC has revised its guidance regarding employers' payments for charging company-owned cars and vans at employees' homes.
During this festive season, some of you may plan to pay your employees earlier than usual. To ensure compliance and avoid any discrepancies, here is a reminder of the steps to follow in reporting these payments accurately to HMRC.
The Chancellor of the Exchequer (Jeremy Hunt) delivered his autumn statement today with it having been widely predicted that tax cuts of some kind would be announced, with National Insurance and Inheritance Tax specifically being mentioned.
One of the many ways payments can be made to HMRC is by using a direct debit. The direct debit can be set up online.