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Tax Tips

Topical articles and guides from Z2 Group

Taxing Times

Aside from requesting budget savings from her ministerial colleagues, Rachel Reeves confirmed the following…

How will Rachel Reeves change UK taxation?

At some point between now and the end of 2024, Rachel Reeves will step up to the despatch box and deliver her first Autumn Statement…

Remember to pay your Class 1A NIC

Class 1A NICs for 2023-24 are payable if you have provided employees with taxable benefits for that year…

Tax when selling your home

You would normally have to pay Capital Gains Tax on any gain you make if you dispose of a dwelling. However, you will be entitled to full relief, no tax to pay, where all the following conditions are met…

Check out the Trivial Benefits rules

Trivial benefits are small gifts or perks given to employees that are exempt from tax and benefit reporting obligations. But bosses must adhere to certain conditions…

Death and taxes

Death and taxes are certainties of life, according to Benjamin Franklin, and if you are in business, you should be aware which taxes you are liable to pay…

Underlining planning options for FHL owners

While a deadline in a year’s time may seem a long time away, taking action to mitigate future taxes or undertaking changes during the 2024-25 tax year will require “what-if” analysis…

Self-Assessment tax returns 2023-24

This post is focussed on processing your returns for 2023-24 and the message is, lets get your returns processed as soon as possible after 5 April 2024…

Timing in business is everything

Action, you take (or do not take) before the end of your accounting year end can have dramatic effects on your published accounts and any resulting tax liability…

Spread the cost of tax payments

Taxpayers who are unable to pay in full can check online to see if they can set up a monthly payment plan called Time to Pay…

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