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ICAEW calls MTD quarterly reporting “disproportionate”

  • 02/06/2023
  • by Barrons
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The Institute of Chartered Accountants for England and Wales (ICAEW) is urging HMRC to rethink the quarterly reporting model for Making Tax Digital for income tax self-assessment (MTD for ITSA). In a letter to HMRC, the representative body is asking…

Tax take soars by almost 10%
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Tax take soars by almost 10%

  • 01/06/2023
  • by Barrons
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Recent HMRC data shows that the Treasury collected £786.6 billion in taxes in 2022/23 – a 9.9% increase on last year’s total of £715.3bn. Receipts from income tax, capital gains tax and National Insurance contributions hit £47bn – accounting for…

Employee share schemes
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Employee share schemes

  • 08/05/2023
  • by Barrons
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Reward your staff with a stake in the business. As an employer, there are many ways you can reward and incentivise your staff, from Christmas parties to team lunches. But one of the most attractive options is an employee share…

Investment zones explained
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Investment zones explained

  • 13/04/2023
  • by Barrons
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What are the Government’s new plans? In his first Spring Budget as Chancellor, Jeremy Hunt announced a number of ‘investment zones’ across the country. The programme will provide 12 areas, split across England, Wales, Scotland and Northern Ireland, with £80…

ESP: How green are you?
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ESP: How green are you?

  • 13/04/2023
  • by Barrons
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Understanding environmental, social and governance factors. Environmental, social and governance (ESG) is a set of standards that measures how green, socially conscious and well-run a business is. By looking at your business through an ESG lens, you may be able…

Tax Card 2023/24

  • 03/04/2023
  • by Barrons
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INCOME TAX ALLOWANCES   2023/24 2022/23 Personal allowance* £12,570 £12,570 Personal savings allowance ●      Basic-rate taxpayer ●      Higher-rate taxpayer ●      Additional-rate taxpayer   £1,000 £500 £0   £1,000 £500 £0 Dividend allowance at 0% £1,000 £2,000 Marriage/civil partner transferable allowance**…