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Day: December 9, 2024

HMRC letter and coins

How to set up your government business tax account with HMRC

December 9, 2024

Creating a government business tax account with Her Majesty’s Revenue and Customs (HMRC) in the UK is an essential step for businesses to manage their taxes online. Here is a step-by-step guide to help you set up your account. 1.  Prepare information Before starting, ensure you have the necessary information

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tax free gifts to employees

Tax Free Christmas Gifts To Staff

December 9, 2024

This is a timely reminder that employers may make small tax-free gifts to employees and directors if all of the following conditions apply: This is known as the ‘trivial benefit’ exemption. Employers do not need to pay tax or National Insurance or let HMRC know, however, they need to keep

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