Weekly News – J&P Accountants
Weekly News: Popular UK seaside destinations consider introducing a tourist tax. HMRC received an estimated £5.8billion in overpaid tax. Five major banks raise mortgage rates. Pound hits five-month low as US dollar gains strength. Popular UK seaside destinations...
National Minimum Wage 2024
If you're working in the UK, you may see changes in your pay slip. The national minimum wage has been raised to £11.44 per hour, benefiting approximately 2 million people in the biggest wage hike in a decade. Details of the minimum wage: 21 and over: £11.44/hour ...
Weekly News – J&P Accountants
Weekly News: Inflation to Hit Two-and-a-Half-Year Low. UK Savings Rate Reaches 7%. Nearly One-Fifth of First-Time Homebuyers in the UK Are Around 40 Years Old. UK Tax Revenue Growth Outpaces Other Rich Countries. Inflation to Hit Two-and-a-Half-Year Low Official...
VAT in Spain – J&P Accountants
If your company is looking to expand its operations into Spain, you may need to familiarise yourself with the Value Added Tax (VAT) regulations in Spain. This is because Spain, as a member of the European Union, has a VAT system that is crucial for cross-border...
Why You Shouldn’t Pause Your Pension?
If you're working and living in the UK, you may have pondered the necessity of contributing to your pension pot. Paying into your pension could safeguard your quality of life in retirement, even if it's just a small monthly deduction automatically set aside. If...
Weekly News – J&P Accountants
Weekly News: At the end of this month (April), new fees are causing some imported food prices to soar. Over 7 million people in the UK are facing pressure to repay bills. UK rent increases expected to outpace wage growth within three years. King's portrait...
Tax Obligations for Non-resident Landlords
Owning rental properties in the UK is a prime choice for many overseas investors. However, one crucial fact often overlooked is that as an overseas landlord, rental income in the UK is subject to taxation. If you reside outside the UK for an extended period and rent...
Self-Employed Tax Compliance Essentials
Around the turn of the tax year, self-employed individuals and sole traders once again become the focus of HMRC tax compliances. If you handle your financial accounts on a day-to-day basis, facing a tax compliance review can be bewildering. Our team has outlined...
Weekly News – J&P Accountants
Weekly News: Tens of thousands of homeowners in England have had their council tax doubled. 650,000 pensioners will be forced to pay tax from this week. Cambridge may introduce a tourist tax next year. Supermarket inflation slowed to its lowest level since...
Is HMRC Owed Tax Refunds to You?
If you're working in the UK and paying taxes, you might be awaiting some news. HMRC is about to send out letters informing people of the calculation for the previous tax year. Some individuals will receive a tax refund from HMRC, while others may owe additional tax...