Spring Budget – 15 March 2023: Highlights
The Chancellor, Jeremy Hunt, delivered his first Budget this afternoon, promising a Budget for growth. Much attention has already been given to the extension of free childcare to one and two year olds, and the extension of the energy price guarantee to 30 June 2023. The tax announcements include: Corporation Tax Corporation Tax Rate: the […]
Updates to HMRC advisory fuel rates
HMRC has announced an update to its advisory fuel rates (AFR), which are now in effect as of 1 March 2023. The rates are published every quarter and will next be published on 1 June 2023.
Employment Taxes newsletter – January 2023
Welcome to haysmacintyre’s first Employment Taxes newsletter, designed to bring clients up to date employment tax news. The newsletter will be published on a quarterly edition but may be more frequent should we consider there are important updates to share. To start, there’s only two months until the end of the 2022-23 tax year. Within […]
Tips, Gratuities and Service Charge
Unlike most payments an employee will receive, with some careful planning, it is possible for the allocation of tips, gratuities, and service charge in a National Insurance (NI) efficient way. The following provides a high-level summary of the points you must consider, whether you have a tronc scheme in place or are thinking about introducing […]
A winter of discontent: what employers can do to help employees get to work
With the likelihood of further train strikes, many employers must be wondering what they can do to help employees to continue to come to work, especially where working from home is not a viable option.
Hybrid and distance working: tax implications
The Office of Tax Simplification (OTS) has issued its most recent and last ever report, ‘Hybrid and distance working: exploring the tax implications of changing working practices’. The main findings include a need for better guidance on existing reliefs and rules, plus a demand for a review of tax reliefs in this area.