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First Labour Budget 2024 – the changes announced

Labour Chancellor Rachel Reeves delivered her first Budget at the end of October – which was also the first Budget ever delivered by a female Chancellor of the Exchequer, with Britain’s wealthiest people and businesses being asked to pay the most. National Insurance...

New rules on tipping mean staff will get every penny

Business owners whose staff are given tips by customers must now ensure every penny given goes to the workers and none of it is kept by the business owner. The rule change, which came into effect on October 1, is expected to add around £200m to the pockets of workers...

Just six months left to top up state pension back to 2006

Anyone with an incomplete National Insurance record between 2006 and 2016 has until April 5, 2025, to top up their National Insurance (NI) payments to get the maximum state pension. Ordinarily, voluntary NI top-ups can be made for up to six years to complete an NI...

Tax relief claims on employee expenses changed

Employees on PAYE who need to make expenses claims can no longer currently make their claims online, and instead will have to use a postal system to deal with HMRC. Anyone who has out-of-pocket expenses for their job is entitled to claim tax relief on these from HMRC....

Rules on fraudulent payments change from October

New protection rules which came in on October 7 mean banks will now refund qualifying Authorised Push Payment (APP) payments where someone has unwittingly paid a fraudster. The rules apply to transactions made between UK accounts using the Faster Payments system –...

Corporation Tax reminders will no longer be sent

Businesses will no longer receive Corporation Tax reminder letters from September, so from now on, you will need to be on top of your Corporation Tax to make sure you pay everything on time and in full without any prompts. All non-statutory Corporation Tax letters...