The Government has announced that making tax digital for income tax (MTD ITSA) for the self-employed and landlords will be delayed until April 2026. The new timetable provides that a person will be required to use MTD for IT if they are self-employed or a landlord: from April 2026, if their annual business or property income is more than £50,000; and from April 2027, if th ...

In our last edition we reported on the reforms set out in the Charities Act 2022. More information is now known on when these reforms will take effect, with the following changes expected to come into force this autumn: Paying trustees for providing goods to the charity At present charities can only pay their trustees for goods provided as part of a related service. Followin ...

Workers have saved more than £114 billion into their pension pots since pensions automatic enrolment was implemented ten years ago, according to data published by the Department for Work and Pensions (DWP). The data showed that more than 10.7 million employees were paying into a workplace pension in 2021. The proportion of young people saving into a pension has more than doubl ...

The Department for Work and Pensions has published its annual rate increases for 2023/2024. These changes will take effect in April 2023.  The rate for statutory maternity, paternity, adoption, shared parental, and parental bereavement pay will increase to £172.48 per week (previously £156.66). The rate for statutory sick pay will increase to £109.40 per week (previously £99 ...

In recent months both CCEW and the Fundraising Regulator have sought to promote the opportunities available to charities from the use of cryptocurrency and non-fungible tokens (NFTs) whilst at the same time highlighting some of the risks involved. Cryptocurrency is a form of unregulated digital currency which uses technology to record the transaction history and for making paym ...