January 2024

Individual Saving Account (ISA) reforms from April

Reforms to individual saving account (ISA) rules coming into effect from 6 April 2024 will make ISAs more user friendly, most notably the move to allow multiple subscriptions of same-type ISAs in a tax year.

https://smh.group/isa-reforms-from-april/

Making Tax Digital small business review

The outcome from the Making Tax Digital (MTD) small business review is that MTD for income tax self-assessment (ITSA) will not be extended to those earning under ￡30,000 for the foreseeable future.

https://smh.group/making-tax-digital-small-business-review/

New lease and advertising rules for landlords

If enacted in its current form, the recently published Leasehold and Freehold Reform Bill will affect landlords in England and Wales who own a leasehold property.

https://smh.group/new-lease-and-advertising-rules-for-landlords/

The national insurance tax cut

For employees, the national insurance tax cut announced in the Autumn Statement took effect on 6 January.

https://smh.group/the-national-insurance-tax-cut/

A revamp for individual savings accounts

From 6 April 2024, individual savings account (ISA) rules will be changing, mostly for the better.

https://smh.group/a-revamp-for-individual-savings-accounts/

Time for tax year-end planning

With Christmas and the New Year over, it is time to turn your thoughts to planning for the tax year end as we approach 5th April.

https://smh.group/time-for-tax-year-end-planning/

The Financial Conduct Authority attacks greenwashing

The Financial Conduct Authority (FCA) has announced new rules to ensure a green label on a fund is more than just marketing puff.

https://smh.group/the-financial-conduct-authority-attacks-greenwashing/