Blog
HMRC have updated its Payments on Account (POA) guidance
HMRC have updated its Payments on Account (POA) guidance What are POA? These are advance payments towards a business’ VAT…
The Partial Exemption Annual Adjustment
The Partial Exemption Annual Adjustment What is the annual adjustment? Why is it required? An annual adjustment is a method used by a business to determine how much input tax it may reclaim. Even…
VAT Treatment of Serviced Apartments : The Realreed Limited Case
VAT Treatment of Serviced Apartments : The Realreed Limited Case Background Realreed owns a property called Chelsea Cloisters in Sloane Avenue, London. The property…
Tax-saving measures
Tax-saving measures What actions to review before the 2023/24 year-end? Have you recently evaluated your personal tax situation? Is your tax structure optimised for efficiency? As we approach the end…
Changes to the State Pension
Changes to the State Pension ‘Triple Lock’ to increase by 8.5% from 6 April 2024 The State Pension is set to increase commencing on 6…
National Insurance Contributions (NICs)
National Insurance Contributions (NICs) Significant reforms and rates cut for millions of workers National Insurance is a cornerstone of the welfare and benefits system. As…
Schools to receive £40 million boost amidst pay rise challenge
Schools to receive £40 million boost amidst pay rise challenge The Government has released details of a £40 million hardship…
Understanding the new pay scales for teachers and leaders in England
Understanding the new pay scales for teachers and leaders in England Headteachers and their financial teams have been preparing to…
Balancing the books: Steering private schools through the tide of rising fees
Balancing the books: Steering private schools through the tide of rising fees As the new school year beckons, Britain’s elite private schools have made headlines…
Financial impact of the PE and sport premium update
Financial impact of the PE and sport premium update The arrival of this year's PE and sport premium payment provides primary schools with new financial planning opportunities, as well as…
Labour to implement VAT on private schools if elected
Labour to implement VAT on private schools if elected Headteachers of private schools must prepare for Labour's proposed imposition of VAT on private school fees…
How to maintain financial stability in schools amid declining enrolments
How to maintain financial stability in schools amid declining enrolments As headteachers and school finance teams grapple with the challenges…
Autumn Statement 2023
With a General Election looming on the horizon, Jeremy Hunt rose to give his second Autumn statement speech as Chancellor in the knowledge that his…
Further increases to HMRC late payment Interest rates
Further increases to HMRC late payment Interest rates Following the latest increase to the Bank of England’s base rate, HMRC has announced an across the board increase to its late payment interest rates. The new rates took…
Schools struggling with Government initiated Private Finance Initiative payments
Schools struggling with Government initiated Private Finance Initiative payments Many school leaders face significant increases in their private finance initiative (PFI) payments. Reports have emerged that certain head teachers in the West Midlands anticipate needing…