Feb 7, 2024 | Government Announcements
Starting on 4 February 2024, HMRC is writing to company owners regarding the potential underdeclaration of dividend income. The correspondence is prompted by a decrease in company reserves despite reported profits, hinting at undisclosed dividend payouts. Recipients...
Feb 6, 2024 | Government Announcements
The Government has committed to supporting 5.5 million small businesses by updating its Help to Grow campaign and introducing a new Small Business Council next month. Building upon existing initiatives, the council will create a platform for SME leaders nationwide to...
Feb 5, 2024 | Current AffairsGovernment Announcements
In a press release, HMRC disclosed receiving 11,027,962 self-assessment tax returns for the 2022/23 tax year. With 12,187,811 taxpayers expected to file, this indicates that over 1.1 million individuals missed the 31 January deadline - a 10% increase from the previous...
Jan 25, 2024 | Government Announcements
The Government has allocated funding to boost the global presence of UK professionals and further the recognition of UK qualifications abroad. The Recognition Arrangements Grant Programme will grant up to £75,000 per financial year to UK regulators and professional...
Jan 8, 2024 | Government Announcements
In a move to ease financial burdens on UK households, the Government has implemented a historic National Insurance cut, providing relief for 27m people and resulting in yearly savings of hundreds of pounds per average household. As of Saturday, 6 January 2024, the...
