The National Insurance Contributions Bill was introduced into Parliament on 25 April 2019, containing provisions designed to align the income tax and national insurance contributions (NICs) treatment of termination awards and sporting testimonials, closing a loophole which currently allows effective tax planning.

HMRC have published an updated version of their guidance for businesses on Making Tax Digital for VAT. In particular, the guidance now includes information on how businesses should deal with petty cash transactions.

A partnership may be a simple trading vehicle enabling two or more people to own and run a business, but there are few practicalities worth considering before making the move.

Questions and answers from our June 2019 newsletter, including off-site staff events, stamp duty queries and year-end questions.

The minimum contributions employers and their staff must pay into their automatic enrolment workplace pension scheme increased with effect from 6 April 2019.

HMRC’s proposals to omit AirBnB and other short term rentals from the rent-a-room scheme have been shelved. The scheme currently allows individuals to receive up to £7,500 of gross income from renting out spare rooms in their only or main home without a liability to tax.

Questions and answers from our May 2019 newsletter, including VAT return mistakes, loss relief and inheritance tax.

Confusion often arises over differing tax treatment of mileage allowances paid to employees using their own cars for business, and those provided with a company car. We clarify the tax free allowances and what you need to report to HMRC.

The government has altered its proposed schedule of fees for an application for a grant of probate, which come into effect from April. The new rates replace the flat rate and range between £250 and £6,000 depending on the value of the estate, representing a 2,700% increase in cost for estates valued over £2m.