THE DSK News

Month: January 2024

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Changes at Companies House

Date 29/01/2024

Companies House have issued an update on their first implementation of changes brought about by The Economic Crime and Corporate Transparency Act. We have copied in the relevant comments made in a recent blog post.

Companies House are aiming to

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Does your business have a March year end date?

Date 29/01/2024

Leaving aside tax planning issues all businesses should be considering business planning opportunities if they presently have an accounting year end date of 31 March 2024.

For example:

Do directors need to review year end bonuses or final

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Tax and working from home

Date 25/01/2024

Employees who are working from home may be able to claim tax relief for bills they pay that are work related.

Employers may reimburse employees for the additional household expenses incurred through regularly working at home. The relief covers

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VAT – option to tax property

Date 25/01/2024

There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and buildings (known as the option to tax). This means that subsequent supplies by the person making the option to tax will be

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Do you need to register for self-assessment?

Date 25/01/2024

There are a number of reasons why you might need to complete a self-assessment tax return. This includes if you are self-employed, a company director, have an annual income over £150,000 and / or have income from savings, investment or property.

The

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Correcting payroll mistakes

Date 25/01/2024

Employers generally use payroll software or other payroll services to record employees pay, deductions and National Insurance contributions on or before each payday. They also need to consider other deductions such as pension contributions and

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Assets made available to an employee

Date 25/01/2024

Assets such as computers, televisions and bicycles that are made available to employees can create certain tax, National Insurance and reporting obligations. There is no requirement to report anything to HMRC if the asset is office equipment only

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Reporting company car changes

Date 25/01/2024

There is a requirement to notify HMRC if you make any company cars available for private use by company directors or employees. The definition of ‘Private use’ includes employees’ journeys between home and work unless they are travelling to a

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Government launches new WhatsApp channel

Date 22/01/2024

The Government has launched a new account on WhatsApp Channels, allowing members of the public to subscribe to receive important updates to their phones.

As a trusted, verified account the UK Government channel will focus on reiterating important

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Government steps to secure UK supply chains

Date 22/01/2024

Industry leaders have welcomed the Government’s new Critical Imports and Supply Chain Strategy, safeguarding UK supplies of critical goods such as medicines, minerals and semiconductors.

In a press release issued 17 January 2024, The Department for

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