Month: May 2024

Capital Gains Tax Rates 2024/2025

Written by Tony Shackleford on May 30, 2024.

Following on from changes announced in the budget by the Chancellor, capital gains tax rates for individuals for 2024/25 are as follows: For residential property, either 18% or 24%. For other assets...

Capital gains tax, Capital Gains Tax rates, CGT, CGT Exempt band

Stop Notices For Umbrella Companies

Written by Tony Shackleford on May 20, 2024.

Certain umbrella companies promote tax evasion scheme’s which are designed to allow subcontractors to avoid taxes, by treating money drawn from the subcontractors companies as loans rather than...

loan to employees, Tax evasion, UYMbrella company

Payroll Return Changes 2025/26

Written by Tony Shackleford on May 8, 2024.

From April 2025 employers will need to include the hours worked for each employee on RTI returns made to HMRC.

hours worked, RTI, rti returns

CIS Gross Payment Status

Written by Tony Shackleford on May 7, 2024.

There has recently been an update to eligibilkity to gross payment status under CIS. The basic rule remains that a business need to have turnover of at least the lower of £100,000 or £30,000 per directors...

CIS, CIS gross payment status

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Month: May 2024

Capital Gains Tax Rates 2024/2025

Stop Notices For Umbrella Companies

Payroll Return Changes 2025/26

CIS Gross Payment Status