info@makesworth.co.uk
Mon - Fri: 9:30 AM - 6:00 PM 
Talk with us: 02079938850
As the holiday season approaches, employers can spread cheer among employees tax-efficiently by leveraging exemptions for annual parties and trivial benefits. Here’s how to make the most of these opportunities: Christmas Parties To ensure your Christmas party is tax-exempt, the following conditions must be met: Annual Event: The party must be an annual occurrence; one-off
Learn More
Post-pandemic, homeworking has become the norm, especially with the increase in ‘hybrid’ working, i.e., spending part of the week at home and part of the week in the office. On the face of it, claims for tax relief on travel and subsistence costs for such employees should be straightforward, as in no claim, because if
Learn More
The favourable tax rules that apply to furnished holiday lettings (FHL) end on 5 April 2025. For many landlords, this may be when they decide to bring their FHL business to an end and sell up. One of the main benefits of the existing FHL regime is the ability to access Business Asset Disposal Relief
Learn More
One of the key announcements in the Autumn 2024 Budget was the rise in employer’s National Insurance contributions from 6 April 2025. From that date, the rate of secondary Class 1 National Insurance contributions is increased by 1.2 percentage points, from 13.8% to 15%. In a further blow, the secondary threshold – the point above
Learn More
HMRC’s Alternative Dispute Resolution (ADR) process was introduced over a decade ago, with the intention of providing an ‘alternative’, cost-effective method for dealing with disputes between taxpayers and HMRC. ADR is a free service, although taxpayers can involve a professionally accredited mediator from outside HMRC at their own cost. The ADR process The process allows
Learn More
VAT-registered businesses that use invoice accounting generally account for VAT when invoices are issued and received. HMRC has recently published new Guidelines for Compliance which set out their recommended approach to the compliance process to ensure that VAT is accurately declared by the business. The guidelines can be used to help establish an appropriate tax
Learn More