by AJN Accountants | Oct 24, 2024 | Advice
HMRC has completed a long-overdue overhaul of the forms and associated guidance used to report chargeable events on which inheritance tax (IHT) is due on a trust. Previously, if you needed to report IHT due on gifts or trusts you had to complete the...
by AJN Accountants | Oct 23, 2024 | Accounting
Over the past fifty years, the concept of retirement in the UK has undergone significant transformation. Traditionally, individuals anticipated a definitive ‘hard stop’ after their working years, while others preferred a more gradual transition into...
by AJN Accountants | Oct 17, 2024 | Uncategorised
New regulations concerning the handling of tips will now be enforced starting 1 October 2024, instead of the initially anticipated date of 1 July. This change will impact a variety of employers, including those in the hospitality industry, hairdressing salons, and...
by AJN Accountants | Oct 10, 2024 | Property
The Annual Tax on Enveloped Dwellings (ATED) is a tax that applies to companies and other entities that own UK residential properties valued above a certain threshold. Introduced by the UK government to address the issue of property ownership through companies and...
by AJN Accountants | Sep 25, 2024 | Property
HMRC has published draft legislation explaining how the abolition of the special tax rules for furnished holiday lettings (FHLs) will work. From 6 April 2025 for sole traders and partnerships, or 1 April 2025 for companies, properties currently classed as FHLs will no...
