Are you ready for April’s tax and pension changes?
6 April brings a variety of changes to the tax rules.
thoughts and experience
our blog
An insight from the gbac team on all things accounting, finance and more.
Rate of compensation on statutory payments increased
The rate of compensation paid to smaller employers for administering statutory payments will increase from 8.5% to 9% on April 6, 2026, although it will be much less generous than the increase last year.
Payroll complications for spring
With a new online service launched by HMRC, taxpayers who need to pay the High Income Child Benefit Charge (HICBC) can do so in real time, instead of registering for self-assessment.
New employment rights arrive in April
Employers must be ready for the new “day one” rights, which will take effect on April 6, 2026.
Cash ISAs are now twice as popular as stocks and shares ISAs
The HMRC figures for 2023–2024 show that subscriptions to cash ISAs have increased by nearly 224% more than stocks and shares ISAs in the decade since 2013–2014.
What are the tax risks for director’s loans?
When used wisely, company loans can be an effective way for directors to access company funds quickly. However, a company loan can also come with serious tax implications.
Speak to our team of experts
If any of our latest content leaves you wondering how this may affect your business, our team are on hand to deal with any queries you have.
Complete the contact form below and a member of our team will aim to get back to you within two working days.