HMRC has published draft legislation aimed at tightening rules around umbrella companies in a bid to increase accountability, protect workers and ensure the correct tax is paid across the labour supply chain. Umbrella companies are often used by temporary or contract...
HMRC has confirmed that companies will not have to comply with the requirements of Making Tax Digital (MTD) for corporation tax (CT) purposes. No start date had been set for MTD for CT, under which companies would have been required to maintain digital records; send...
In just over six months the first group of taxpayers will be required to join HMRC’s Making Tax Digital for Income Tax (MTD IT) programme. Some individuals may be able to avoid this by claiming an exemption. Self-employed taxpayers and landlords with qualifying...
From the 2024-25 tax year, self-employed individuals with profits in excess of £6,725 no longer need to pay Class 2 NICs. Instead those taxpayers will receive a National Insurance credit to secure their access to contributory benefits such as the state pension....
If you reimburse fuel or charging costs for employees using a company car for business travel there will be no taxable profit and no Class 1A National Insurance, provided the mileage amount paid does not exceed the advisory rates. From 1 September 2025 the advisory...
Prepare your business for its next chapter with practical insights from Whitley Stimpson and SE-Solicitors. This future proofing your business seminar will explore how to effectively manage succession planning, introduce new shareholders, and make the most of...
