Spring Statement 2024 |
Cuts to National Insurance contributions and the abolition of so-called ‘non-dom’ tax breaks were among the headline announcements in the Spring Budget 2024. Read More... |
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Spring Finance Bill sets shape for tax changes to come | Plans to close HMRC helpline for half a year halted | You‘ve probably digested the main news by now from the Spring Budget. Now comes the next stage: the Spring Finance Bill. The bill was published on 14 March, ensuring that the measures announced in the Budget take their next steps towards becoming reality... Read More... | You may have seen somewhat of a furore breaking out in the media towards the end of the month, as HMRC announced its tax helpline would shut down for half of the year. Rather than use the phone line, anyone seeking help from HMRC officials would be faced .. Read More... |
Bumper IHT receipts set to be new record high | Online live funerals receive VAT exemption | We‘ve seen plenty of speculation before the last two Budgets that Inheritance Tax would see major reforms. Yet nothing materialised. And the latest figures released by the Treasury show perhaps why there might be some reluctance to change the rules, with .. Read More... | Funerals that are broadcast online for well-wishers unable to attend in person are becoming exempt from VAT. During the COVID pandemic, streaming funerals became commonplace due to restrictions on the number of people gathering. Now, there has been .. Read More... |
April Questions and Answers | April Key Dates | | Newsletter issue – April 2024
6th
- New tax year begins; new tax codes take effect.
6th
- Introduction of a new tax band (in Scotland only) named the Advanced rate.
6th
- High Income Child Benefit Charge (HICBC) threshold will rise.
6th
- Employee NICS cut from 10% to 8%; Self-employed NICS will go from 9% to 6%.
6th
- Property capital gains tax cut from 28% to 24%.
19th
- For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you’ll owe HMRC.
22nd
- Deadline for employers operating PAYE to pay HMRC. This is also the quarterly deadline for businesses that pay per quarter. For those paying by post, the deadline is 30 April.
30th
- Corporation Tax Returns are due for companies with year-end of 30 April.
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About Us |
Lawrence & Co Accountants are based in Harrow, offering local business owners and individuals a wide range of services.
All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website https://lawacc.co.uk/ for more information.
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Harrow
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