August Newsletter

PLANNING A STAFF SUMMER PARTY? Employers may host social events for staff this summer without creating tax on the amount spent. The exemption applies to what HMRC refer to as an ‘annual party or similar function’. One set of criteria for this is that the cost per head...

June Newsletter

HMRC OFFICIAL RATE OF INTEREST ONLY 2.25% HMRC have announced that the official rate of interest will increase from 2% to 2.25% on 6 April 2023. The official rate of interest is used to calculate the income tax charge on the benefit of employment related loans and the...