May 2025 – Page 4

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Mandating the Payrolling of benefits in kind update20250508040000

Mandating the Payrolling of benefits in kind update

amicatech8th May 20250 comments

HMRC has delayed mandatory payrolling of benefits in kind by a year to April 2027, giving employers and software providers more time to prepare. Penal...

Reversal of requirement to report more detailed employee hours paid20250508040000

Reversal of requirement to report more detailed employee hours paid

amicatech8th May 20250 comments

The government has scrapped plans for detailed PAYE reporting of employee hours from April 2026, citing concerns over cost, complexity, and practicali...

How to check employment status20250508040000

How to check employment status

amicatech8th May 20250 comments

HMRC’s CEST tool gets a revamp from 30 April 2025, with clearer questions and updated guidance to help users decide employment status for tax—pl...

Fresh Ideas for Additional Revenue Streams20250507040000

Fresh Ideas for Additional Revenue Streams

amicatech7th May 20250 comments

For many small and medium-sized enterprises (SMEs), the core business keeps the lights on, but additional income streams can provide much-needed stabi...

How to Increase Gross Profit Returns20250507040000

How to Increase Gross Profit Returns

amicatech7th May 20250 comments

Gross profit is one of the clearest indicators of how well your business is performing. It’s the money left after deducting the direct costs of produc...

Tax Diary June/July 202520250502040000

Tax Diary June/July 2025

amicatech2nd May 20250 comments

1 June 2025 - Due date for corporation tax due for the year ended 31 August 2024. 19 June 2025 - PAYE and NIC deductions due for month ended 5 June 2...

Definition of R&D for tax purposes20250501040000

Definition of R&D for tax purposes

amicatech1st May 20250 comments

When claiming tax relief or capital allowances on R&D, it’s crucial to ensure activities meet strict statutory definitions. Understanding Section ...

Tax treatment of income after cessation20250501040000

Tax treatment of income after cessation

amicatech1st May 20250 comments

After a business closes, income can still arise. Post-cessation receipts must be properly reported and taxed under specific rules. Knowing what qualif...

Tax refunds for dissolved companies20250501040000

Tax refunds for dissolved companies

amicatech1st May 20250 comments

Dissolving a company ends its legal existence — but unresolved assets become property of the Crown under bona vacantia. Directors must act caref...

Tax relief if required to work from home20250501040000

Tax relief if required to work from home

amicatech1st May 20250 comments

If employees must work from home and their employer does not reimburse certain costs, they may be entitled to claim tax relief. Understanding the rule...

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