by Joanna Udall | May 15, 2024 | 2024, May, CK Newsletter
Budget Surprises If they weren’t exactly rabbits out of the hat, Spring Budget 2024 still sprang its share of surprises. VAT registration limit Having been frozen at £85,000 since 2017, the VAT registration threshold wasn’t expected to change until at least March...
by Joanna Udall | Feb 21, 2024 | 2024, February, CK Newsletter
RETIREMENT AND PENSIONS ROUND-UP What happens to your pension when you die? A recent survey by the Money and Pensions Service (MaPS) found that more than half of people don’t know what happens to their pension when they die. It found that only two in five people knew...
by Joanna Udall | Feb 21, 2024 | 2024, February, CK Newsletter
REAL OR FAKE? HOW HMRC COMMUNICATES Out of the blue, a text or phone call claiming to be HMRC. It threatens legal action over your tax, or tells you your National Insurance number has been ‘compromised’ — or perhaps it says you’re due a tax refund. The common...
by Joanna Udall | Feb 21, 2024 | 2024, February, CK Newsletter
MAKING TAX DIGITAL: REMODELLED AND GOING AHEAD Autumn Statement 2023 has confirmed the start dates for Making Tax Digital for Income Tax (MTD ITSA). In outline, MTD ITSA involves keeping digital records and providing quarterly updates of income and expenditure to HMRC...
by Joanna Udall | Feb 21, 2024 | 2024, February, CK Newsletter
EMPLOYER ADVICE AHEAD OF MAJOR CHANGE FOR PAYROLL Minimum wage: know the rules, not just the rates. Forthcoming changes highlight the need for employers to deal confidently with the underlying rules. Notably, from 1 April 2024: the National Living Wage (NLW) becomes...
by Joanna Udall | Feb 21, 2024 | 2024, February, CK Newsletter
HMRC PAY BY BANK ACCOUNT SERVICE HMRC is offering a new facility as part of its pay by bank account service. Previously, payment has been required at the same time that a return was filed. But HMRC can now provide the option to schedule a payment for a date in the...
