Blogs

HMRC has altered its previous assessment which consisted of six steps in order to assert as to whether an action was “business” or “non-business”.

Due to the global pandemic, work has been drastically shifted to a hybrid environment. Thereby, you and your co-workers must be working remotely, frequently. As a result of this, you may find the requirement to invest in better technology devices. The procedure might involve the firm buying the IT equipment in bulk in order to avail of a discount, and then distributing them among each employee.

HMRC has given us insight into their updated instructions and laid out the guidelines of what employers should be aware of for the financial tenure of 2021/22.

A business owner, who began her enterprise over 30 years ago, opted for a Voluntary Retirement in early 2022. Thereafter, she went on to sell her shares to the company itself.The amount calculated up to, approximate £800,000.

How to calculate tax and NI for a work summer party? Are there HMRC guidelines about it? Read this article to find out more.

Since April 2021 HMRC has been intently observing reports organizations have submitted under the off-payroll rules.