Chancellor Rachel Reeves delivered her Spring Forecast 2026 – widely referred to as the Spring Statement – in the House of Commons on 3 March. In a deliberately low-key address, she updated MPs on the Office for Budget Responsibility’s (OBR) latest economic projections without introducing any new tax rises, spending commitments or policy shifts. For […]
The UK’s Employee Car Ownership Scheme (ECOS) has long been a popular way for employers especially in the motor industry to provide vehicles to staff without triggering the normal company-car tax charges. But major changes are coming, and although the government has delayed implementation, the shift is significant enough that both employers and employees need […]
Read articleIn the latest Agents Bulletin 125, published on 21 November 2024, HMRC announced new Guidelines for Compliance when determining whether the ‘connected’ entity rules apply to the Apprenticeship Levy or when claiming the Employment Allowance. The measures are part of Governments’ earlier commitment announced in November 2021, to provide Guidelines for Compliance that offer HMRC’s […]
Read articleOn October the 30th, 2024, the UK government revealed proposed increases to statutory payment rates and various benefits, which are set to take effect in April 2025. The announcement follows the statutory annual review of state pensions and benefits under the Social Security Administration Act 1992, aligning increases with key economic indicators such as average […]
Read articleA lot of employees incorrectly assume that employers are responsible for an employee’s tax affairs/tax code. This is mainly based on the fact that the employer deducts Tax from their pay. Should an employee receive a tax bill for underpaid tax, or even a refund, they query this with the employer as to why this […]
Read articlePost Budget delivery 2025, what can we take away from the impacts on Payroll No surprise the Personal Allowance set at £12,570 is to be frozen for a further 3 years, this was originally due to end 5 April 2028, but is now extended to April 2031. The upper limit for National Insurance as it […]
Read articleReimbursements Gain Exemption, Direct Relief Abolished The UK government’s Autumn Budget has delivered a double-edged sword for remote and hybrid workers, with significant tweaks to tax treatment of home working expenses. In a bid to streamline claims and encourage employer involvement, Chancellor Rachel Reeves announced that income tax and National Insurance contributions (NICs) exemptions for […]
Read articleThe 2025 UK Budget delivered one of the most wide-ranging sets of changes in recent years, affecting everything from wages and pensions to tax thresholds, savings rules and electric vehicle incentives. Whether you’re a worker, saver, parent or employer, these updates will shape your financial picture over the coming years. National Minimum Wage Increases Millions […]
Read articleDouble cab pickups, commonly known as DCPUs, are versatile vehicles featuring two rows of seats and four doors, allowing them to carry multiple passengers while providing a spacious loading area at the back such as the Ford Ranger. For years, DCPUs have enjoyed favourable tax treatment, as they’ve been classified as vans rather than cars. […]
Read articleNo sooner had we discussed the potential for tax rises to be included in the Chancellors’ Budget on the 26 November, it now seems that the Government may have had a change of heart. It was never going to be the most popular choice, given it would lead to a renege on the Governments’ manifesto […]
Read articleHM Revenue & Customs (HMRC) has revealed that over 5.6 million people have used the HMRC app since 6 April 2025 – and it’s proving the perfect conversation starter for money matters across generations. This year’s theme, ‘start the conversation’, couldn’t be more timely. Whether its grandparents explaining National Insurance to teenage grandchildren, parents checking Child Benefit eligibility, or siblings […]
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