Firm news
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Firm news, tax planning and finance blogs by our team
We know how important it is for you to be able to find up to date business information, and our people love to share their knowledge about the news, and accounting and tax legislation. Here you will find links to our latest press releases, as well as tax planning and finance blog posts – all written by the Whitley Stimpson team, so you can read our take on topical subjects, and use our advice to help you to run your business. We have also shared the odd blog post or two about what we get up to in our communities, because we are proud to be a part of the areas where we live and work, and to support them where we can.
Join in the conversation, we would love to hear from you.
NLW and NMW increased
The national living wage (NLW) will increase by 9.8% to £11.44 per hour from April 2024. The higher rate will also apply to 21 and 22-year-olds for the first time.
Charging your electric company car at home
HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation.
Cash basis to replace accruals
Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting).
Two new R&D forms
HMRC has introduced two new measures to tackle the rise in fraudulent research and development (R&D) claims.
Overlap relief online tool
The online form for requesting overlap relief information for basis period reform is now live.
MTD simplification
A dramatic simplification of the MTD processes to be introduced in 2026 including no EOPS; cumulative submissions each quarter; and restrictions for complex situations.
Submit VAT claims digitally for DIY house builds
Individuals who build their own home, or complete part of the build project themselves, are entitled to reclaim the VAT paid on materials under the VAT homebuilders scheme.
National insurance rates cut
The Chancellor has announced cuts to national insurance contributions for self-employed taxpayers and employees.
Autumn Statement 2023
On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses.
Investing in the future: Whitley Stimpson welcomes new talent and celebrates success
Investing in the future: Whitley Stimpson is thrilled to welcome 17 new talents to our team and celebrate success
Whitley Stimpson raises £1,000 for Katharine House Hospice at annual Golf Day
Whitley Stimpson raised £1,000 for a Banbury based charity that provides free hospice care for people with life-limiting illnesses in north Oxfordshire.
High Wycombe Whitley Stimpson Solves a Thrilling Mystery for Macmillan Cancer Support
On Thursday, October 5th, our High Wycombe office embarked on an adventure to support Macmillan Cancer Support. In a bid to raise funds for this noble cause, the directors and staff swapped their spreadsheets for trench coats and took on a mystery case, taking part in the Marlow Town and Riverside Treasure Trail.
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