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Don’t miss out on IHT exemptions
Personal TaxThe Chancellor’s inheritance raid on small business owners and anyone who has pension savings means it’s more important than ever to take advantage of the lifetime gifts exemptions. What are they and when can you use them?
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Annual increases to statutory compensation limits
Business lawThe Employment Rights (Increase of Limits) Order 2025 will revise the compensation limits for certain tribunal awards and other statutory payments from 6 April 2025. What are the increases?
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Are you ready for the PAYE end of year?
Business Tax, Employment lawThe 2024/25 tax year ends in just a few weeks. As an employer this means extra payroll duties. Apart from submitting the usual reports, what else ought you be considering?
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Man Utd is cutting staff perks. Should, and can, you?
Business law, Employment lawManchester United FC is to end free hot meals for its staff as part of a cost-cutting exercise. If you want to withdraw staff perks such as free food, tea and coffee to save on business costs, can you do so?
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Annual accounting: how are interest and late payment penalties calculated?
VATIf you use the annual accounting scheme, you will submit one return each year instead of four or twelve. What are the potential traps if you don’t meet the scheme conditions?
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Is basis period reform really over and done with?
Business TaxYou heaved a sigh of relief after submitting your 2023/24 self-assessment tax return, especially as it meant the fiddly basis period calculations were behind you. But why might it be to your advantage to revisit them?