An insight from the gbac team on all things accounting, finance and more.
Under current rules in England and Wales, private landlords cannot legally rent out their property without an Energy Performance Certificate (EPC) with a minimum rating of E, while social landlords are not subject to any minimum energy efficiency standard.
With the UK government looking for ways to reduce tax fraud and increase tax collection, it is encouraging businesses to use electronic invoicing – also known as e-invoicing.
Despite the Capital Gains Tax (CGT) rate on residential property disposals decreasing by 4% this past spring, rising interest rates and the imminent scrapping of holiday let tax reliefs in 2025 led many buy-to-let landlords to sell their properties in 2024.
Last year, we posted about the National Audit Office (NAO) findings that more than a quarter of matured Child Trust Funds had still not been claimed by the summer of 2023.
According to the Labour Party, there is a ‘black hole’ in public finances left unaccounted for by the previous government to the tune of £22 billion.
New legislation introduced this year makes it illegal for employers to withhold tips from their staff, overhauling gratuity practices to ensure that from 1st October 2024 workers can keep 100% of the money they have earned in the form of tips and service charges.
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