The gbac JOURNEY to Net Zero
We began our drive toward net zero in earnest in 2022, having had our efforts restricted in 2021 because of the pandemic.
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An insight from the gbac team on all things accounting, finance and more.
Do you owe overdue income tax on interest?
Previously, HMRC told UK taxpayers that the agency would use personal interest information from banks and building societies to calculate taxable personal interest for the 2023–2024 tax year, then adjust individual tax codes or issue Simple Assessments.
Compulsory identity verification at Companies House
Company directors, people with significant control (PSCs), and anyone who files at Companies House will be expected to verify their identities from autumn 2025.
Mandatory payrolling of benefits in kind
While employers were previously required to start using payroll software to report taxable benefits by April 2026, the deadline has been delayed to 6th April 2027.
Changes to Statutory Sick Pay in 2025-2026
Under the Employment Rights Bill moving through Parliament, there will be some significant changes to Statutory Sick Pay (SSP), which are due to take effect by next spring.
How will changes to the £1 million IHT allowance for individuals affect estate planning?
A now-closed consultation by HRMC has provided further details about the Inheritance Tax (IHT) allowance for business and agricultural properties in the UK.
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