Anna’s Accountancy Alerts – Week 15 (8th – 14th July 2024)

Anna’s Accountancy Alerts - Week 15 (8th – 14th July 2024)

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HMRC rules for home workers

HMRC has updated guidance on when tax relief is available on travel expenses for staff who work from home.

HMRC confirmed that ‘under such arrangements, the employee will have a base office and journeys from home to that location will be ordinary commuting’.

These trips are not eligible for tax relief.

Whether or not an employee’s home is a workplace does not affect the availability of tax relief for travel expenses.

Travelling from home to a permanent workplace is classed as ordinary commuting and not available for tax relief.

HMRC launches online voluntary NICs payment service

The government says the new service will make it easier for customers to check for and fill any gaps in their National Insurance record to help increase their State Pension.

It also said that the new Check your State Pension service has been enhanced to include an end-to-end digital solution.

The service shows customers by how much their State Pension could increase and outlines the voluntary NICs they would need to pay to achieve this.

The service also allows people under the State Pension age to view gaps in their National Insurance record and pay voluntary contributions to fill the gaps.

Companies house changes and rising prices

The Economic Crime and Transparency Act (ECCTA) aims to combat economic crime and improve corporate transparency.

There will be significant changes at Companies House.

To fund the ECCTA Companies House increased it’s fees from 1 May 2024.

Incorporation

Digital/software

£50

Confirmation statement

Digital/software

£34

Change of name

Digital

£20

Voluntary strike off

Digital

£33

Stay Up-To-Date With Coronavirus & Brexit News

Coronavirus has affected us all. Whether you’re a sole trader, employer or employee. Stay up to date with the latest news – including government support, tax implications, and more.