Tag Archives: tax

Calculating Your Tax Bill – A Guide for UK Directors of a Ltd Company

If you’re a director of a limited company in the UK who pays yourself via a combination of salary and dividends, this is for you! A simple guide to your tax obligations and how to plan ahead …

Spring Budget 2024 – Your Essential Tax Rates

Stay updated on the crucial tax rates for 2024 with Budget 2024. Make smart financial choices with accurate and reliable information with Moorgate.

Scam Season for Self Assessment Tax Clients

Scam Season for Self Assessment Tax Clients   In the wake of the self-assessment deadline, HMRC has shifted its focus to raising awareness about the prevalence of fraudulent tax refund offers, urging the public to remain vigilant against potential scams. They are emphasising the relentless nature of criminals who exploit such deadlines for personal gain. […]

HMRC’s Screeching U-turn on Double-Cab Vans

HMRC’s Screeching U-turn on Double-Cab Vans Only a week after HMRC released new guidance that classed double-cab pickups as cars rather than vans, the government has now performed a screeching U-turn and has reversed this decision.  HMRC had recently revised its interpretation of how double-cab vans would be treated for income tax purposes (12th February […]

The Tax Implications of Benefits In Kind

The Tax Implications of Benefits In Kind When managing a business, it’s crucial to understand that providing benefits, perks or covering expenses for employees comes with tax implications. Completing a P11D The P11D form is an annual document submitted to HMRC by employers. It lists expenses or benefits provided to employees during the year. If […]

Getting Ahead With Your Next Tax Return

It’s Never Too Early to Think About Your Tax Return   Tax can be pretty intimidating. Even the toughest among us can feel the pressure when tax season rolls around. And let’s face it, sometimes we leave things until the very last minute, hoping for the best. We had many clients last month who really […]

Autumn Statement – November 2023

Autumn Statement 2023 On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National Insurance changes and also the reform of work-related state benefits.   Income […]