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The Economic Crime and Corporate Transparency Bill (ECCT) achieved royal assent recently, and as we have reported previously, this will have an impact on the data that is held and required on the Companies House register. Many of the changes – including the requirement to file profit and loss details – will require secondary legislation…

The UK telebetting business cannot be transferred to Gibraltar the Supreme Court ruled as it could not transfer assets abroad as it was not made by individual shareholders but the company that owned them Please see link for more details https://www.accountingweb.co.uk/tax/hmrc-policy/all-bets-are-off-for-hmrc-in-supreme-court-tooa-ruling

The HMRC will be screening calls for its self-assessment helpine and Agent dedicated line from the 11thDecember to answer those only deemed a priority in the run up to 31st January personal tax return. All queries which are simple and do not make the break will be directed online. Please see link for more details…

In a potentially welcome announced for the hospitality industry in England and Wales, the government has set out plans to extend licensing hours for the semi-finals and final of the men’s European Football Championships next year, should England, Wales or Scotland reach the final stages of the tournament. In a public consultation launched 27 November…

Pensioners across the country have started to receive up to £600 to help with energy bills this winter. Winter Fuel Payments – boosted again this year by an additional £300 per household Pensioner Cost of Living payment – will land in bank accounts over the next two months, the vast majority automatically. The money will…

The taxpayer, Monks produced WhatsApp messages with pictures of the enquiry letter that were dated 1 February 2022. Monks’ evidence, which the FTT found credible, was that his post box was checked every day and that any mail relating to his financial affairs was sent immediately to his accountant. Monks’ accountant also confirmed that he…

The second review of the State Pension age has been published by the Department for Work and Pensions. The State Pension age is currently 66. The review has stated that a further increase in the State Pension age to 67 for those born on or after April 1960 will take place as planned between 2026…

Student Loans are part of the government's financial support package for students in higher education in the UK. They are available to help students meet their expenses while they are studying, and it is HMRC’s responsibility to collect repayments where the borrower is working in the UK. The Student Loans Company (SLC) is directly responsible…

The marriage allowance applies to married couples and those in a civil partnership where a spouse or civil partner does not pay tax or pay tax above the basic rate threshold for Income Tax (i.e., one of the couples must currently earn less than the £12,570 personal allowance for 2023-24). The allowance works by permitting…

If you have taxable income of less than £17,570 in 2023-24 tax year you will have no tax to pay on interest received. This figure is calculated by adding the £5,000 starting rate limit for savings (where 0% of the interest is taxable) to the current £12,570 personal allowance. However, it is important to note…