Understanding HMRC’s Simple Assessment HMRC introduced the simple assessment system to make it easier for taxpayers with straightforward tax affairs to settle underpayments of tax. Instead of having to complete a full Self Assessment tax return, a simple assessment...
Changes to Pensions and Inheritance Tax from April 2027 From 6 April 2027, pensions will no longer provide the same protection from inheritance tax as they do today. At present, unused pension funds in most UK discretionary schemes can pass to beneficiaries outside of...
Self-Assessment 2024/25: Class 2 National Insurance Contributions Charged in Error The Background: Class 2 NICs and Self-Assessment From 6 April 2024, the liability for self-employed earners to pay Class 2 National Insurance contributions (NICs) was abolished....
🧾 Payroll Services Guide: Auto-Enrolment for Temporary Staff If your business relies on temporary or seasonal staff, choosing the right payroll services is essential for managing auto-enrolment and workplace pensions. Many employers assume auto-enrolment only...
Paying the Qualifying Salary for UK State Pension: What You Need to Know When running a family or personal company, deciding how much to pay yourself as a director is more than just a tax consideration—it’s also about ensuring you secure your future. Paying the...
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