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Tax Diary January/February 2025

Tax Diary January/February 2025

1 January 2025 – Due date for Corporation Tax due for the year ended 31 March 2024 19 January 2025 – PAYE and NIC deductions due for month ended 5 January 2025. (If you pay your tax electronically the due date is 22 January 2025). 19 January 2025 –...
The Likely Effects of Employers’ NIC Increases in 2025

The Likely Effects of Employers’ NIC Increases in 2025

The upcoming increase in Employers’ National Insurance Contributions (NICs) is set to have significant repercussions for UK businesses. Employers’ NICs are essentially a tax on wages, paid by businesses as a percentage of their employees’ earnings...
Fuel prices report by Competition and Markets Authority (CMA)

Fuel prices report by Competition and Markets Authority (CMA)

Fuel margins of retailers – the difference between what a retailer pays for its fuel and what it sells at – remain around the high levels seen during the CMA’s road fuel market study.  Supermarket fuel margins increased over the May to...
How Council Tax is calculated

How Council Tax is calculated

To calculate your Council Tax, you need to know the following: The valuation band of your property in England, Wales, or Scotland The amount your local council charges for that band Whether you qualify for a discount or exemption from the full bill If you are on a low...