For many years HMRC have operated a concession under which associate dentists are treated as self-employed for tax purposes rather than employed. However, from 6 April 2023, this concession will be removed. How will this impact dental practices? At present, the...
The Chancellor Rishi Sunak has confirmed that he will be delivering his autumn Budget on 27 October 2021. This is the first time there has been an autumn Budget since 2018. In this Budget, he will be announcing his plans to support public services and revive the...
HMRC has published a policy paper outlining the forthcoming changes to the penalties for late payment and interest harmonisation for taxpayers. The government intends to reform sanctions for late submission and late payments to make them ‘fairer and more...
The government has published draft legislation outlining how they aim to change the current rules for taxing partners in cases where the partnership’s year-end does not fall on 31 March or 5 April. What changes are being proposed? Partners will be taxed on the...
New company car advisory fuel rates have been published which take effect from 1 September 2021. The rates have increased for petrol cars and also for diesel cars to reflect a slight increase in fuel prices. But rates have decreased for LPG’s. HMRC reviews the...
HMRC updates Salary Sacrifice guidance HMRC has removed the guidance on ‘Salary sacrifice arrangements set up before 6 April 2017’ as the transitional arrangements for calculating the value of the benefit came to an end on 5 April 2021. A salary sacrifice...
