Financial Update

Pearson May financial round up

February 6, 2025
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Self Assessment deadline missed by 1.1m  Despite a rush, more than a million taxpayers failed to file on time. Click here for more details.  Small employer relief rate for statutory pay rises to 8.5% Higher compensation from April eases small...

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Pearson May financial round up

January 30, 2025
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Around 3.4m taxpayers still to file for Self Assessment File now to avoid penalties and interest charges, says HMRC. Click here for more details.  Lenders challenge Bank of England’s loss-absorbing capital rules Banks argue requirements exceed international standards. To...

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Pearson May financial round up

January 23, 2025
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Capital Gains Tax boosts Treasury income Budget-driven CGT rises 60% in three months. Click here for more details.  Graduates risk student loan bills with pay rise Overtime risks tipping graduates into loan obligations. To find out more, click here

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Pearson May financial round up

January 15, 2025
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Extra HMRC funding recovered £45.7bn last year Tax investigations raise 28% more than 2023. Click here for more details.  Treasury losing revenue from spirit excise Industry calls for tax reform to boost growth. To find out more, click here

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Pearson May Financial Update: Scams warning as tax return deadline looms

January 13, 2025
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Pearson May Financial Update: Scams warning as tax return deadline looms

HM Revenue & Customs (HMRC) has urged taxpayers to be alert to scams as the Self-Assessment season picks up. As many people are filing their tax returns around this time of year, fraudsters can try to take advantage of this by attempting to contact taxpayers asking them to disclose personal information about their tax...

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Pearson May financial round up

January 10, 2025
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. New HMRC scheme targets excessive R&D tax claims Voluntary disclosure can mitigate penalties for excessive research & development claims. Click here for more details.  More than 90,000 Self Assessment tax returns filed over Christmas HMRC urges those who have yet...

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Pearson May financial round up

December 19, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC issues guidance on foreign tax relief claims Taxpayers urged to check double tax agreements. Click here for more details.  Number of UK businesses using tax havens halves Fewer companies avoid UK tax through offshore schemes. To find out...

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Pearson May financial round up: Even the taxman can play Santa when it comes to your staff Christmas parties and festive gifts!

December 12, 2024
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Pearson May financial round up: Even the taxman can play Santa when it comes to your staff Christmas parties and festive gifts!

As this year draws to a close, many employers will be looking for ways to reward their teams’ hard work. But how can you do that in a tax-efficient way that benefits both you and your employees? Here Pearson May partner Matthew Rutter takes a look at the main tax considerations to bear in...

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Pearson May financial round up

November 28, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC clarifies BiK reporting requirements New benefits-in-kind payroll rules starting April 2026. Click here for more details.  17% rise in scams targeting taxpayers HMRC urges vigilance against phishing ahead of deadline. To find out more, click here

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Pearson May financial round up

November 21, 2024
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Pearson May financial round up

Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC email rules clarified for taxpayers Clear guidance issued on email use. Click here for more details.  Retailers warn about rising employment costs Leaders urge Chancellor to rethink tax plans to protect jobs. To find out more, click here

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