Author: Tony Shackleford

Budget March 2024

Written by Tony Shackleford on April 4, 2024.

The principal tax changes announced by the Chancellor in the March 2024 budget were: a) A further reduction in Employees NIC rates for the employed from 10% to 8% from 6 April 2024. No changes were...

Budget, capital gains tax on residential properties, Furnished holiday let, High Income Child Benefit Charge, National insurance contributions, Vat, VAT registration

HMRC Call Centres

Written by Tony Shackleford on March 20, 2024.

Within the space of 24 hours HMRC has backtracked on an announcement to significantly cut the operations of its call centres. This is liklely yo be a temporary delay in the call centre cut backs,...

HMRC, HMRC Call Centre, HMRC helplines

Tax Changes For Tax Year 2024/25

Written by Tony Shackleford on March 1, 2024.

There are a few significant changes which the government has previously announced to tax rates etc, which are due to take effect at the start of the 2024/25. The principal changes are: a) Reduction...

Capital gains tax exempt band, Class 2 NIC, Class 4 NIC, dividend income exempt band, National Insurance, pensions lifetime allowance, Tax year basis

Double Cab Pick Up U Turn

Written by Tony Shackleford on February 20, 2024.

On 19 February 2024 the government announced a U turn and have stated that the previously announced change in the tax treatment of double cab pick ups, will not go ahead. The change in status was...

double cab pickups

Tax on Double Cab Pickups

Written by Tony Shackleford on February 16, 2024.

As a result of the CocaCola case from 2021, which related to VW Transporter vans with 2 rows of seats, vans with 2 rows of seats were treated as cars. The treatment of theses vehicles as cars...

coca cola case, double cab pickup, van benefit in kind

Is HMRC Fit For Purpose

Written by Tony Shackleford on February 15, 2024.

Over the last year it has become apparent to many accountants that the quality of the service provided by HMRC has been declining significantly. The decline in the quality of servoice would appear...

HMRC

McVitie’s biscuit VAT case

Written by Tony Shackleford on January 30, 2024.

There has been yet another VAT involving case whether something which is edible by humans is food for VAT purposes. Food is zero rated but confectionary is standard rated for VAT. This case...

Vat, VAT on biscuits

Walkers VAT Case

Written by Tony Shackleford on January 26, 2024.

Many people have heard of the Jaffa cake VAT case, which concerned whether a jaffa cake was a biscuit or a cake. The importance of the issue was that if it was a cake, then no VAT would need to be...

Poppadoms, Vat, VAT on Crisps, VAT on poppadoms

Making Tax Digital Update

Written by Tony Shackleford on January 5, 2024.

VAT registered businesses are currently caught by the Making Tax Digital (MTD) regime. The current plan is for the self employed or those having gross rental income of more than £50,000 per year to...

Making Tax digital, MTD

National Living Wage Increase

Written by Tony Shackleford on November 27, 2023.

The government has recently announced that the National Living Wage for 21 years olds and above will increase to £11.44 from April 2024. This represents a 9.7% increase in the Naational Living Wage...

National living wage

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Author: Tony Shackleford