Apprenticeship Levy This is used to fund apprenticeship training in England and is a cost to employers. There was no mention of changes; therefore, the following apply in the tax year 2024/25: – Levy Allowance (per employer) £15,000– Levy Charge… Read more
On 21 November 2023, the UK Government accepted the recommendations of the Low Pay Commission. The headline announcement is that the higher National Living Wage will be paid to those over 21 rather than 23 now. The following rates will… Read more
This is another article about Self-Assessment, specifically Student Loans and applies where: – A taxpayer has an obligation to complete a Self-Assessment return, and– They have an outstanding Student Loan balance (or Postgraduate Loan)– Some of the Loan repayment is… Read more
These affect us personally and professionally and if you have policies and procedures regarding Statutory Paternity Leave (SPL) and Pay (SPP), be aware of changes coming from the start of the 2024/25 tax year. This information is provided to help… Read more
The deadline for registering for Self-Assessment is 05 October 2023 (for 2022/23 tax year with tax returns due by 31 January 2024). Individuals must complete and send a tax return if, in 2022/23: – You had self-employed income above £1,000, or– You… Read more
