Introduction Employment Allowance allows eligible employers to reduce their annual National Insurance liability by up to £5,000. You’ll pay less employers’ Class 1 National Insurance each time we run your payroll until the £5,000 has gone or the tax year ends (whichever is sooner). You can only claim against your employers’ Class 1 National Insurance liability up to a…
Overview We have summarised below the key points from Wednesday’s budget. Please also find a more detailed summary and a 2023/24 update tax card. Further details can be seen at https://www.gov.uk/government/publications/spring-budget-2023-overview-of-tax-legislation-and-rates-ootlar/spring-budget-2023-overview-of-tax-legislation-and-rates-ootlar.We hope you find this useful and we will, of course, be happy to discuss with you any of the points covered in this report and…
Money laundering, a global epidemic, poses a significant threat to the integrity of financial systems worldwide. As authorities crack down on traditional money laundering methods, criminals continuously adapt, finding new avenues to conceal their illicit funds. One such method involves the use of nominee shareholders and directors. In this blog post, we shed light on…
Taxation plays a crucial role in any country’s economy, providing the necessary funds for public services and infrastructure development. In the United Kingdom, the tax landscape is continuously evolving as lawmakers strive to adapt to changing economic conditions and societal needs. In this blog article, we will explore some of the recent amendments in UK…
Inflation, the rise in prices of goods and services over time, is a critical economic indicator that affects individuals, businesses, and entire nations. While inflation is a normal part of the economic cycle, recent global events and policy decisions have sparked concerns about an impending surge in inflation worldwide. In this blog article, we will…
