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Changes to HICBC

Changes to HICBC

by | Nov 7, 2024 | Income Tax

It was announced as part of the Autumn Budget measures that the government will not now proceed with the reform to base the High Income Child Benefit Charge (HICBC) on household incomes. To make it easier for all taxpayers to get their HICBC right, the government will...
Help to Save scheme extended

Help to Save scheme extended

by | Nov 7, 2024 | General

As part of the recent Budget measures, it has been confirmed that the Help to Save scheme is to be extended by a further 2 years, until April 2027. The last date an account can be opened under the current scheme will be 5 April 2027. Around 517,000 Help to Save...
Taxation of double cab pick-ups

Taxation of double cab pick-ups

by | Nov 7, 2024 | Corporation Tax

The tax treatment of double cab pick-up vehicles (DCPUs) has been clarified as part of the recent Budget announcements. This follows a chequered history of the tax treatment of DCPUs after a 2020 Court of Appeal judgment and after the previous government reversed its...
Payrolling of benefits in kind

Payrolling of benefits in kind

by | Nov 7, 2024 | Employment & Payroll

At Autumn Budget 2024, the government confirmed that it will go ahead with a simplification measure first announced in January 2024. This new measure will mandate the reporting of Income Tax and Class 1A National Insurance Contributions (NICs) for most benefits...