Only one day after announcing a restriction to its VAT, Self Assessment and PAYE helplines, HMRC has had a change of heart.
Finance 2024 Acts: Finance (No.2) Act 2024
Finance (No. 2) Act 2024 contents (as enacted) with links to our guides on the relevant topics. With a general election held on July 4th, 2024 is all set to be a year of three Finance Acts.
This contains measures introduced at March’s Spring Budget and received Royal Assent on 24 May 2024
Additional information requirements for OMBs
Employers, Shareholders in Owner-Managed Businesses (OMBs) and Self-Employed individuals will be required to disclose a range of new information to HMRC from 6 April 2025.
Nichola's SME Tax W-update 14 March 2024
Hello,
Employers may appreciate changes as to how advance payments on salaries and wages will be treated from 6 April 2024 under Real-Time Information Reporting (RTI). New rules simplify payroll reporting.
Football agent's fees not deductible
Footballer Baye Oumar Niasse's appeal for a deduction of fees paid to his agent failed at the First Tier Tribunal (FTT). The fees were not deductible under the general employee expense rule nor the special rules for entertainers.
Change to reporting of salary advances
The reporting requirements for employers providing salary advances to employees will change from 6 April 2024.
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