The Low Incomes Tax Reform Group (LITRG) is reminding trustees that most trust arrangements need to be registered with HMRC’s Trust Registration Service (TRS) by 1 September 2022 LITRG is concerned that this could catch people out, especially as a trust can exist without those involved...
Read MoreThe Association of Accounting Technicians (AAT) will launch a new set of qualifications on 1 September with an improved assessment platform and changes to registration fees The Qualifications 2022 (Q2022) suite aims to ensure that accounting technicians have the skills they need for a changing profession...
Read MoreHMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2022, increasing rates between one and two pence per mile The advisory fuel rates that apply from 1 September 2022 have been increased for some classes of vehicles from...
Read MoreHMRC have provided additional details around the pause in research & development tax credit (RDTC) payments that occurred in April, and the delays in their processing times The tax authority contacted firms in April informing them of the decision to pause payments of RDTC as it...
Read MoreHMRC is reminding parents and carers of 16 to 19-year-olds that they have until 31 August to confirm whether their teenager is staying in full-time education or approved training Letters have been sent to 1.3 million parents and carers of children, who are in the last...
Read MorePremier League club revenues grew by 8% to £4.9bn, up from £4.5bn in 2020/21, and are expected to continue growing this season The Premier League was the only one of the ‘big five’ European leagues to see clubs improve total operating profits in the year, which...
Read MoreLeading tax experts have set up a joint cryptoassets working group to focus on the tax complexities of dealing with crypto currency and tax compliance for accountancy firms The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) has set up a joint crypto...
Read MoreHomeowners who rented out properties during the Commonwealth Games need to make sure they are registered for self assessment to pay tax liability, warns HMRC Those who rented out properties during the Games as a short-term let may need to tell HMRC about any income they...
Read MoreBDO’s recent survey showed that school leaver apprenticeships are still overlooked by more than half of young people, compared to a university degree The survey of more than 1000 people across England found that more than half (51%) of people aged between 18-24 still believe that...
Read MoreThe government has set out details of how the £400 energy bill subsidies will be paid to customers and is trying to get them classified as discounts This is part of the £11bn energy support package announced in the spring when energy prices started to escalate...
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