THE DSK News

Month: January 2025

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How to check your tax code

Date 30/01/2025

Your tax code determines how much tax is deducted from your pay. While 1257L is the most common, different letters and numbers can affect how much you owe. From marriage allowance to emergency codes, here’s how to decode what HMRC assigns you.

Your

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Who needs to register for an EORI number

Date 30/01/2025

If you are moving goods across borders, an EORI number may be essential for customs clearance. Whether trading with the EU, Northern Ireland, or beyond, knowing which type you need—GB, XI, or EU—can save time and hassle. Here’s what you

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Self-employed must report profits on tax year basis

Date 30/01/2025

Big changes are here for the self-employed! From 2024-25, profits must align with the tax year, replacing the old "current year basis." Overlap relief is ending, and transition profits will be spread over five years. Here’s how the new

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Reminder of Employer’s NIC changes from April 25

Date 30/01/2025

From 6 April 2025, employers will face a 1.2% rise in National Insurance contributions, alongside a lower NICs threshold. However, an increased Employment Allowance aims to ease the burden for small businesses. Here’s what you need to prepare for

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Reforms to taxation of non-doms from April 2025

Date 30/01/2025

From 6 April 2025, the remittance basis of taxation will be scrapped in favour of a residence-based system. A new 4-year Foreign Income and Gains regime offers tax relief for new arrivals, while transitional measures aim to ease the shift. Here’s

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Student and postgraduate loan thresholds and rates

Date 30/01/2025

From 6 April 2025, new thresholds for student loan repayments will take effect, impacting borrowers across the UK. Whether you’re on Plan 1, Plan 2, Plan 4, or repaying a postgraduate loan, here’s a breakdown of the latest changes and what they mean

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It is not always possible to mend fences – Reinstatement is not always a practicable option where there is a breakdown in employment relations

Date 28/01/2025

The Employment Appeal Tribunal (EAT) upheld claims of constructive dismissal and disability discrimination against Whyte & Mackay Limited (W&ML) in the case of Mr. Duployen , a former forklift truck and warehouse operator, following his

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Understanding the UK’s Bank Deposit Guarantee Scheme

Date 28/01/2025

The UK government offers a robust safety net for savers through the Financial Services Compensation Scheme (FSCS). This scheme is designed to protect individuals, small businesses, and charities if a bank, building society, or credit union fails,

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Google to Tackle Fake Reviews Following CMA Investigation

Date 28/01/2025

In a significant move to enhance trust in online reviews, Google has agreed to implement substantial changes to combat fake reviews, following an investigation by the UK’s Competition and Markets Authority (CMA). This initiative aims to ensure

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Rolling over capital gains

Date 23/01/2025

Business Asset Rollover Relief allows you to defer Capital Gains Tax (CGT) when reinvesting proceeds from selling business assets. By rolling gains into the cost of new assets, tax is postponed until the new asset is sold. Learn how this relief can

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