Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.
A recent ruling by the European Court of Justice could lead to changes in how employers are required to calculate holiday pay. Currently holiday pay in the UK is calculated on the basis of a week’s pay. A week’s pay is usually held to mean basic salary only, excluding payments such as working allowances, expenses, […]
The period leading up to the end of the tax year on 5 April is one of the best times to review your taxes and finances. Indeed taking action prior to the end of the tax year in some cases will give even greater saving opportunities, but you need to act fast.
Employers today are coming face to face with some of the most challenging legislation ever to be put in place in respect of pensions – Automatic Enrolment. Under this scheme all UK employers have to enrol their staff in a company pension scheme and make contributions towards it. If no action is taken, employers risk […]
Generally speaking, an individual’s ‘sole or main residence’ is exempt from capital gains tax. If a house, etc., was the individual’s ‘sole or main residence’ for only part of his or her period of ownership, then a time apportionment calculation is made. However, under a rule dating back to the introduction of the tax nearly […]
The Chancellor of the Exchequer delivered the 2013 Autumn statement on 5 December 2013. Key changes announced are as follows: 2014/15 rates and allowances As announced in the Budget 2013, individuals born after 5 April 2013 will have a personal allowance of £10,000 for 2014/15. The basic rate limit will be £31,865. Transferable personal allowance […]