With particularly complex rules, getting the tax on employment benefits right for directors and employees can seem like a minefield. Recent research by The Global Payroll Association showed that...
Results
Business
Autumn Budget 2024 – Tax Raid on Pensions
As many of you will have seen or heard from last week’s Budget, the Chancellor will now bring the vast majority of pension schemes within the scope of Inheritance Tax from April 2027. This measure...
Autumn Budget 2024 – Implications for Agricultural and Business Property Relief
Many of you will have already seen our Wheelers Words which highlights, as an overview, the changes announced in yesterday’s Budget. However, the impact for businesses, and in particular the...
Wheelers Words – Autumn Budget 2024
Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. Billions in tax rises Ms Reeves...
Wheelers Words – Don’t miss the NI Record deadline!
National Insurance Record and State Pension Entitlement If you have not already done so, we are recommending that people renew their National Insurance record as the deadline for filling any gaps in...
Wheelers Words – Forthcoming changes to the Tax rules for Furnished Holiday Lettings (FHL)
The government has announced that it will repeal the special tax rules relating to the commercial letting of Furnished Holiday Accommodation (FHL). The FHL rules have generally treated such letting...
Wheelers Words – Beware of scam calls, emails and letters from Companies House
Over the last few weeks, we have been seeing increased activity with regard to correspondence pretending to be from Companies House. The letters and emails appear to be genuine with Companies House...
Wheelers Words – Spring Budget 2024
Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. Lowering taxes...
Wheelers Words: Double Cabs – Fording an Existing Path?
Following release of new guidance by HM Revenue & Customs on 12 February 2024 in relation to the taxation of double cab pick ups, within the space of one week, the government has retracted this...