March 2024 eNEWS

Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we're here to help.

HMRC publishes guidance on MTD for ITSA for sole traders and landlords HMRC has published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords. Click here for the full story

Over one million miss self assessment deadline Over one million self assessment taxpayers missed the filing deadline at midnight on 31 January, according to data published by HMRC. Click here for the full story

HMRC warns self assessment taxpayers as scam referrals rise HMRC is warning people to be wary of bogus tax refund offers following the self assessment deadline on 31 January. Click here for the full story

Double-cab pickups go back to being vans as guidance reversed Just a week after HMRC released new guidance that classed double-cab pickups as cars rather than vans, the government reversed the decision. Click here for the full story

Pensions income needed to retire rises The amount needed for a single person to have a moderate retirement has risen to ￡31,300, according to the Pensions and Lifetime Savings Association (PLSA). Click here for the full story

More than 500 firms named and shamed for underpaying staff The government has named and shamed over 500 UK employers for underpaying their employees. Click here for the full story

Latest guidance for employers HMRC has published the latest issue of the Employer Bulletin. Click here for the full story

Advisory fuel rates for company cars New company car advisory fuel rates have been published and took effect from 1 March 2024. Click here for the full story

Michael Heaven & Associates Limited