All In Bookkeeping
and Accountancy

Jacob Grattage , Reporter, Business & Accountancy Daily - Croner-i Tenants get new protections under Renters’ Rights Act with abolition of section 21 ‘no fault’ evictions and replacement of fixed term tenancies with periodic terms, with renters able to stay in a home until they decide to end the tenancy. The government’s Renters’ Rights Act was given Royal Assent on 27 October, introducing sweeping changes that will affect millions of tenants and landlords. Reforms to the pri

Sara White , Editor, Business & Accountancy Daily - Croner-i Maker of Nutella biscuits wins appeal as tribunal rules sweet treat was not partly covered in chocolate so qualifies for excepted item status for VAT purposes. The dispute arose in connection with several HMRC decisions over the taxable status of Ferrero UK’s new Nutella Biscuits, adding to the long litany of food related VAT cases and saving the company a charge for standard 20% VAT. This appeal to the First Tier T

Jacob Grattage , Reporter, Business & Accountancy Daily - Croner-i Owners of properties valued at over £2m could face an annual tax charge if chancellor goes ahead with rumoured plans of a mansion tax. The latest pre Budget rumour is a move to reinstate a years old plan to charge wealth home owners an additional annual 1% property tax on the value in excess of £2m in addition to council tax. This is not the first time a mansion tax has been suggested, it has been picked up an

Saskia Harrison , ACA, Audit director, Gerald Edelman - Croner-i As a major overhaul of UK GAAP lease accounting rules come into effect from January, Saskia Harrison, audit director at Gerald Edelman explains the key issues from classification to right-of-use assets and depreciation considerations. In March 2024, the Financial Reporting Council (FRC) issued amendments to FRS 102 as part of its Periodic Review 2024. The aim of these changes is to bring FRS 102 accounting in li

Sara White , Editor, Business & Accountancy Daily - Croner-i The cost of incorporating a business on Companies House is set to double from next year as digital filing fee shoots up from 1 February. Companies House plans to increase fees for incorporation to £100 from the current £50, and confirmation statements to £50 from £34, affecting both companies and limited liability partnerships (LLPs) filing digitally while the paper fee will also shoot up. The higher fees will come

Jacob Grattage , Reporter, Business & Accountancy Daily, Croner-i Executors of estates will be placed in an untenable position and face ‘unmanageable’ risks if current plan for taxing pension pots goes ahead, Lords told. Witnesses from law firms and professional bodies told Lords committee the government’s proposals were ‘unworkable’ as there was not enough time to pay the tax within HMRC’s rigid six-month deadline. At a House of Lords Finance Bill Sub-Committee, chair Lord L

Sara White , Editor, Business & Accountancy Daily, Croner-i Any taxpayers still doing a paper self assessment tax return must file their 2024-25 forms by Friday 31 October, which means getting them in the post sharpish. Paper tax returns need to arrive with HMRC by Friday 31 October so it is vital to send by first class post now the deadline is fast approaching. Paper versions of form SA100 are available to download from HMRC’s website. All taxable income and capital gains ha

Sara White , Editor, Business & Accountancy Daily, Croner-i As the Treasury stays tight lipped about potential tax rises in the Budget, officials are busy briefing behind the scenes about a 1p increase in income tax, potentially breaking Labour’s big three tax pledge. Despite pledges in the Labour party manifesto last year not to raise the big three taxes of income tax, national insurance and VAT, reports are now emerging that the chancellor, Rachel Reeves, is looking at a po

Karen Chadwick , Private client tax partner,  HURST - Croner-i Karen Chadwick, private client tax partner at Hurst, warns family business owners to take urgent action before imminent overhaul of business property relief craters inheritance tax (IHT) advantages and threatens the future of generational family businesses. There remains ‘a window of opportunity’ to act and it is vital to start the process now as the clock ticks towards next April, when the reforms will come into

Sara White , Editor, Business & Accountancy Daily - Croner-i HMRC has updated the advisory fuel rates to reflect the decision to create...

Croner-i VIP Tax Team In this week’s Q&A, Croner-i VIP Tax Team adviser Manpreet Sahota explains the corporation tax liabilities for...

Ollie Garrod , Senior technical writer, audit & accounting, Croner-i Revenue recognition, lease liabilities and performance reporting are...

Alex Nicholson , Partner, head of VAT & indirect tax, Johnston Carmichael - Croner-i As HMRC widens the VAT confectionery net, Alex...

Russell Wardrop , Co-founder and chief executive, KWC Global - Croner-i In the age of Teams and Zoom, Russell Wardrop, co-founder of KWC...

Sara White , Editor, Business & Accountancy Daily - Croner-i All powerful data analysis tool Connect raises additional £4.6bn in single...

Jonathan Barber , Executive director, Institute of Financial Accountants - Croner-i Late payments can be a nightmare for any business,...

Caroline Harwood , CTA FCA, Partner, BDO - Croner-I Long gone are the days when employers could assume the first £30,000 is tax free when...

Sara White , Editor, Business & Accountancy Daily - Croner-i The annual state pension is likely to rise by 4.7% next year under triple...

Jacob Grattage , Reporter, Business & Accountancy Daily - Croner-i The majority of small business owners have no exit strategy, despite...

Sara White , Editor, Business & Accountancy Daily - Croner-i Over 90% of employers expect the chancellor to restrict the use of popular...