An insight from the gbac team on all things accounting, finance and more.
Despite the tax agency’s ambitions to move everything to digital platforms, HMRC is reverting back to paper-based forms for employees claiming employment expenses. This switch from online submission is an attempt to reduce fraudulent expenses claims.
The business rates system taxes the value of properties used for business, providing a stable source of government revenue to support essential local services like social care.
As the first Budget from the new Labour government, which has been vocal about the difficulty of filling a ‘fiscal black hole’ left by the previous Conservative government, the October 2024 Budget introduced some tough changes for employers.
On 30th October, Chancellor Rachel Reeves presented a historic Autumn Budget to Parliament – the Labour Party’s first Budget in over 14 years and the first to be delivered by a woman.
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.
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.
