MONEY TALK

The latest news in the world of accounting. Plus, tips and advice to help your business grow. 

Charging your electric company car at home

Charging your electric company car at home

HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation. Until now, the guidance in the Employment Income Manual (EIM23900) has contradicted the legislation in advising that if an...

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Pensions update – changes to income tax for beneficiaries

Pensions update – changes to income tax for beneficiaries

In the Spring Budget 2023 the Chancellor announced a welcome change to the tax treatment of pensions - the scrapping of the Lifetime Allowance (LTA). The LTA stood at £1,073,100 when the process began on 5 April 2023 with the removal of the LTA charge. This means that...

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HMRC demands more data

HMRC demands more data

HMRC has confirmed that requirements to report additional information will come into effect from the 2025-26 tax year or possibly a later period.HMRC has set out its intention to collect data relating to trade sectors; locations; occupations; hours worked;...

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The growing tax challenges for social media influencers

The growing tax challenges for social media influencers

When new ways of making money become popular, HMRC are always keen to ensure taxpayers are aware of their obligations – the treatment of cryptocurrency assets being a relatively recent example – though the Department is often playing catch-up to innovation. In this...

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Additional REsources

A Few Other Resources for Our Customers

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Get in touch today to see how Hutton Pike can help improve your accounting.

neil.hutton@huttonpike.co.uk

0161 348 8780

Office 2, 1st Floor, 41-43, Liverpool Road, Cadishead, M44 5BQ

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