INSIDE THIS STATEMENT
The Autumn Budget 2024 tackles
fiscal gaps with selective tax hikes
on employers, personal wealth, and
capital gains, while supporting
low-income households and smaller
businesses to balance growth with
financial responsibility.
Publications
VAT compliance made easy: Essential tips for UK companies
VAT compliance doesn’t have to be a headache. Learn about it with us at James Scott.
The benefits of early adoption of MTD for ITSA: A guide for forward-thinking businesses
Embrace the shift! MTD for self-assessment & landlords transforms tax reporting to digital-first, quarterly filings. Start early, end the tax return panic.
July 2024 Round-Up
HMRC CONTACTS
PENDING ROR
CLAIMANTS
Provisional claimants are urged to make
a valid claim by 31 January 2025.
HMRC is writing to taxpayers who made a
provisional business asset roll-over relief
(ROR) claim on asset sales in 2020/21
and haven’t replaced it with a valid claim.
The deadline for making a valid claim
is 31 January 2025. If a valid claim isn’t
made by then, HMRC will withdraw the
provisional claim, making the deferred
capital gains tax (CGT) payable
June 2024 Round-Up
HOUSE PRICES FALL
FOR THE SECOND
MONTH IN A ROW
House prices fell by 0.4% in April
to £261,962, following a 0.2% drop
in March.
UK house prices declined for the second
consecutive month in April, influenced by
uncertainties around interest rates and
rising mortgage costs, which impact the
traditional spring homebuying season.
Tax Deadlines And Penalties For Limited Companies
Managing a limited company requires meticulous attention to regulatory obligations, particularly with
regard to tax and accounting. Financial compliance is
punctuated by a series of key deadlines and potential penalties for
non-compliance, demanding a proactive and informed approach
from company directors.
Debt Management Strategies
Managing debt effectively is an increasingly crucial component of personal financial health in today’s
economic climate. With rising living costs and the easy
availability of credit, it’s easy to find yourself in a situation where
debt becomes overwhelming.
This guide offers you practical and effective strategies tailored for
managing your debt
News Round Up April 2024
A quick informative round up of some key points for our April Round Up
Spring Budget 2024
Vote winning announcements are always expected from a Chancellor’s budget in an election year. Despite stagnant economy and limited fiscal headroom, Jeremy Hunt still announced a few tax cuts and other surprises.
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