by admin | Jul 20, 2022 | 2022, July, CK Newsletter
What’s going on with your National Insurance costs? National Insurance contributions (NICs) rose in April 2022, but the latest swing of the pendulum brings better news: an increase in the amount that can be earned before NICs are due. Good news, bad news? The new...
by admin | Jul 20, 2022 | 2022, July, CK Newsletter
Up to speed with pensions ‘All I know is I’ve put in an amount of money… but how they come to that figure, no idea.’ HMRC research into public understanding of pensions tax relief found considerable lack of awareness as to how tax and pensions fit together. Broadly,...
by admin | Jul 20, 2022 | 2022, July, CK Newsletter
Talking about capital allowances What comes next for capital allowances? The enhanced Annual Investment Allowance (AIA) and super-deduction come to an end on 31 March 2023 and the government is discussing the next step, prior to the Autumn Budget. With the current...
by admin | Jul 20, 2022 | 2022, July, CK Newsletter
HMRC’s Trust Registration Service With a registration deadline looming, and urgent action needed, check now: could the Trust Registration Service (TRS) impact you? Part of a European initiative to tackle money laundering and the financing of terrorism, the rules...
by admin | Jul 20, 2022 | 2022, July, CK Newsletter
FAO landlords: Homes for Ukraine scheme Payments received under the Homes for Ukraine sponsorship scheme are free of tax. Legislation setting this out will be included in the next Finance Bill, with retrospective effect from the date of payment. In practice This means...
by admin | Jul 20, 2022 | 2022, July, CK Newsletter
Covid-19 support and a letter from HMRC? HMRC is still reviewing claims made for financial support during the pandemic. Most recently, HMRC compliance activity has focused on claims to the fourth and fifth Self-employment Income Support Scheme (SEISS) grants, and it...
