Green & Peter Blog
- All
- Bookkeeping
- Budget
- Budget Summary
- Building profits
- Business
- Business management
- Business planning
- Business startup
- Business Support
- Business tax
- Capital allowances
- Capital Gains Tax
- Charity
- Client focus
- Collaboration
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporate tax planning
- Corporation Tax
- Creative businesses
- Creative industry
- Customs Duties
- Duties
- Economy
- Employee Benefits
- Employees
- Employment & Payroll
- Employment Law
- Excise duties
- Finance
- Finance stories
- General
- HMRC notices
- Holiday
- Income Tax
- Inheritance Tax
- Managing costs
- National Insurance
- NIC & Pensions
- Overseas Corporate tax issues
- Overseas personal tax issues
- Overseas tax issues
- Payroll
- Pension
- Personal
- Personal tax planning
- Profit margin
- Property Investment
- Savings
- Stamp duty
- Stamp Duty Land Tax
- Stocks & shares
- Tax credits
- Tax Diary
- Trading
- Uncategorised
- Value Added Tax
- VAT
- Wedding
- All
- Bookkeeping
- Budget
- Budget Summary
- Building profits
- Business
- Business management
- Business planning
- Business startup
- Business Support
- Business tax
- Capital allowances
- Capital Gains Tax
- Charity
- Client focus
- Collaboration
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporate tax planning
- Corporation Tax
- Creative businesses
- Creative industry
- Customs Duties
- Duties
- Economy
- Employee Benefits
- Employees
- Employment & Payroll
- Employment Law
- Excise duties
- Finance
- Finance stories
- General
- HMRC notices
- Holiday
- Income Tax
- Inheritance Tax
- Managing costs
- National Insurance
- NIC & Pensions
- Overseas Corporate tax issues
- Overseas personal tax issues
- Overseas tax issues
- Payroll
- Pension
- Personal
- Personal tax planning
- Profit margin
- Property Investment
- Savings
- Stamp duty
- Stamp Duty Land Tax
- Stocks & shares
- Tax credits
- Tax Diary
- Trading
- Uncategorised
- Value Added Tax
- VAT
- Wedding
Checking your National Insurance records
There is an online service available on HMRC to check your National Insurance Contributions (NIC) record online. The service is available at https://www.gov.uk/check-national-insurance-record In
Read More →
Transferring unused nil rate band for IHT
The Inheritance Tax residence nil rate band (RNRB) is a transferable allowance for married couples and civil partners (per person) when their main residence is ...
Read More →
Tax-free home sales
In general, there is no Capital Gains Tax (CGT) liability created when a property used as the main family residence is sold. An investment property ...
Read More →
Bikes for employees
The Cycle to Work scheme allows employers to provide bicycles and cyclists’ safety equipment to employees as a tax-free benefit. The scheme must be offered ...
Read More →
Do’s and don’ts for Standard Visitors to the UK
There is useful guidance published on GOV.UK that explains the do’s and don’ts for Standard Visitors to the UK. Visitors to the UK who are ...
Read More →
Childcare Account chores
HMRC’s Childcare account can be used to claim free childcare (if eligible) or pay for Tax-Free Childcare. HMRC’s sign in page for the account states ...
Read More →
Smart energy
In a recent press release, the Department for Energy Security and Net Zero confirmed that consumers are set to benefit from cheaper and more convenient ...
Read More →
Tipping boost
The government’s Tipping Act is a step closer to coming into force, as the Code of Practice is published and laid before Parliament. The new ...
Read More →
Class 4 NICs who is liable?
Most self-employed people are required to pay Class 4 National Insurance contributions (NICs) if their profits are £12,570 or more a year. Class 4 NIC ...
Read More →
Post Transaction Valuation Checks
A Post Transaction Valuation Check (PTVC) can be requested from HMRC for an individual to work out a capital gains tax liability or for companies ...
Read More →
View and prove your immigration status
A UK Visas and Immigration (UKVI) account can be used by eligible users to view and prove their immigration status online. This may be required ...
Read More →
Taxable employment benefits from April 2026
From April 2026, the government will mandate the reporting and paying of Income Tax and Class 1A National Insurance Contributions on benefits in kind via ...
Read More →
Changes to Scottish Income Tax rates 2024-25
A reminder of the changes to Scottish Income Tax rates for the 2024-25 tax year. It was announced as part of the Scottish Budget measures ...
Read More →
Payrolling employee expenses and benefits
Employers can register on a voluntary basis (before the start of the tax year) to report and account for tax on certain benefits and expenses ...
Read More →
Tax Diary May/June 2024
1 May 2024 - Due date for corporation tax due for the year ended 30 July 2023. 19 May 2024 - PAYE and NIC deductions ...
Read More →
Settling energy disputes
Business owners that are in dispute with their energy suppliers will be interested in the free support on offer from the Energy Ombudsman. In a ...
Read More →
COVID Bounce Back abuse
The Insolvency Service has recently published information confirming that a total of 831 company directors were banned in 2023-24 for Covid support scheme abuse, up ...
Read More →
Paying VAT on goods from EU to Northern Ireland
There are special procedures for moving goods in and out of Northern Ireland. Under the Northern Ireland Protocol, all Northern Ireland businesses continue to have ...
Read More →
VAT retail schemes
VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are used by businesses that sell ...
Read More →
Termination payment clearance process
The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax and secondary National Insurance contributions ...
Read More →
HMRC continues to target till fraud
HMRC has, for many years, looked to target businesses that deliberately undertake electronic sales suppression (ESS). ESS happens where a business deliberately manipulates its electronic ...
Read More →
Using the starter PAYE checklist
Employers that take on a new employee need to work out which tax code and starter declaration to use in their payroll software. Incorrect tax ...
Read More →
Accessing the HMRC mobile APP
HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The latest version ...
Read More →
What do we mean by profit?
When most business owners refer to business profits, they are likely to mean the difference between sales and costs, and more concisely, that sales exceed ...
Read More →
New employment protections
New legislation, including three Government backed cross party Acts, came into force from 6 April 2024. Pregnant women and new parents will now receive special ...
Read More →
Measures to support household budgets from 1 April
In a recent press release the government confirmed the following policies to support household incomes from 1 April 2024. The National Living Wage has officially ...
Read More →
To register or not to register
In the recent Spring Budget, the VAT registration threshold was raised to £90,000 (previously £85,000) which means that smaller businesses that did not want to ...
Read More →
Tax-free mileage expenses
If you use your own vehicle for business journeys you may be able to claim a tax-free allowance from your employer known as a Mileage ...
Read More →
Online check how to import or export goods
HMRC has a useful online tool to help UK business owners check how to import or export goods. This online tool can be used by ...
Read More →
Restarting a dormant or non-trading company
HMRC must be informed when a non-trading or dormant company starts trading and becomes active for Corporation Tax purposes. Companies can use HMRC Online Services ...
Read More →
