Archive:February 2025

Please find below all the articles from February 2025.

Changes for Companies House address rules

Monday, February 3, 2025

Changes have taken effect regarding Companies House rules on the public register.

As of 27 January, you can apply to hide your residential address from the public register if it’s been used as your company’s registered office
address.

‘If your residential address is the company’s current registered office address, you’ll need to change your registered office address before applying,
‘ Companies House explained on its website. Individuals can apply under section 1088 of the rules.

There is a new form for those wishing to make use of the…

Employment Allowance: common errors by businesses revealed

Monday, February 3, 2025

A list of the biggest mistakes and errors made by businesses when claiming Employment Allowance and reporting their Apprenticeship Levy has been
revealed.

As part of new guidance to help employers conform with both schemes correctly, HMRC has published a list of the most common errors businesses
make to help them avoid these in future.

‘Following these guidelines will help to reduce your risk of making errors, therefore reducing the risk of any penalty charges,’ HMRC stated.

These Guidelines for Compliance are for all employers. The most…

Millions at risk of fines as Self-Assessment deadline looms

Monday, February 3, 2025

With only days to go until the Self-Assessment Tax Return deadline (at the time of writing), millions of people were still apparently yet to submit
theirs and pay up, as warnings were issued over fines for failing to comply.

The number of self-employed due to submit their forms still stood at 3.4 million with one week to go, according to HMRC.

Failure to meet the deadline risks a £100 fine – which can increase depending on how late the final submission is. A daily penalty of…

Spring Statement announced: more tax changes to come?

Monday, February 3, 2025

The debates and arguments over the merits or otherwise of some of the tax changes from the Budget have barely settled down, even two months after it happened.

The rise in employers’ National Insurance (NI) and the alterations to the Inheritance Tax rules for agricultural properties have been particularly contentious.

Many of the changes announced by Chancellor of the Exchequer, Rachel Reeves, are not set to take effect until the new tax year beginning on 6 April. Could some of those
be axed or changed further?

We…