Firm news
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Firm news, tax planning and finance blogs by our team
We know how important it is for you to be able to find up to date business information, and our people love to share their knowledge about the news, and accounting and tax legislation. Here you will find links to our latest press releases, as well as tax planning and finance blog posts – all written by the Whitley Stimpson team, so you can read our take on topical subjects, and use our advice to help you to run your business. We have also shared the odd blog post or two about what we get up to in our communities, because we are proud to be a part of the areas where we live and work, and to support them where we can.
Join in the conversation, we would love to hear from you.
Labour exchange set to open up access to seasonal workers
The National Association of Agricultural Contractors (NAAC) and Rural Contractors New Zealand (RCNZ) have joined forces to help source labour in each country during seasonal peaks.
Loose lips sink ships …
In Spencer vs Spencer, Lincolnshire farmer Michael Spencer recently won his case against the estate of his late father, John Spencer, leading to him successfully inheriting the family farming business.
Red horizons or blue sky thinking – what conference season told us about party commitments to farming
We now have a clearer picture of what the main parties will do for farming and rural communities if they succeed at the next general election.
Merry Christmas from Whitley Stimpson
Wishing you a Merry Christmas and a Happy and Prosperous 2024 from all at Whitley Stimpson.
NLW and NMW increased
The national living wage (NLW) will increase by 9.8% to £11.44 per hour from April 2024. The higher rate will also apply to 21 and 22-year-olds for the first time.
Charging your electric company car at home
HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation.
Cash basis to replace accruals
Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting).
Two new R&D forms
HMRC has introduced two new measures to tackle the rise in fraudulent research and development (R&D) claims.
Overlap relief online tool
The online form for requesting overlap relief information for basis period reform is now live.
MTD simplification
A dramatic simplification of the MTD processes to be introduced in 2026 including no EOPS; cumulative submissions each quarter; and restrictions for complex situations.
Submit VAT claims digitally for DIY house builds
Individuals who build their own home, or complete part of the build project themselves, are entitled to reclaim the VAT paid on materials under the VAT homebuilders scheme.
National insurance rates cut
The Chancellor has announced cuts to national insurance contributions for self-employed taxpayers and employees.
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