A new horizon for Simmons…

Posted on 1st Oct 2021

Following the successful adoption of remote working during lockdown and an entire rethink of our requirements, we are delighted to announce that we have completed the move to our new office on the 14th floor of 33 Cavendish Square. We remain situated in close proximity...[more]

Tax planning for non-doms before 4…

Posted on 24th May 2024

In the Spring Budget, the government announced plans to reform the non-dom regime from April 2025, effectively abolishing the remittance basis and replacing this with a new 4-year regime for ‘new’ residents. The proposed reforms also extend to IHT and moving the scope of liability...[more]

View your annual tax summary

Posted on 23rd May 2024

The Annual Tax Summary is a document provided by HMRC that shows details of the tax you pay and how this is used by government. The Annual Tax Summary shows: your taxable income from all sources that HMRC knew about at the time that it was prepared;...[more]

Tax when transferring assets during divorce

Posted on 23rd May 2024

When a couple is separating or is divorced it is unlikely that they are thinking about the tax implications of their actions. However, apart from the emotional stress, there are also tax issues that can have significant implications. The Capital Gains Tax (CGT) rules that apply...[more]

VAT reverse charge for builders

Posted on 23rd May 2024

There are special VAT reverse charge rules for certain building contractors and sub-contractors. The rules, which came into effect on 1 March 2021, makes the supply of most construction services between construction or building businesses subject to the domestic reverse charge. The reverse charge only applies...[more]

Reporting expenses and benefits to HMRC

Posted on 23rd May 2024

The deadline for submitting the 2023-24 forms P11D, P11D(b) and P9D is 6 July 2024. These forms can be submitted using commercial software or via HMRC’s PAYE online service. HMRC no longer accepts paper P11D and P11D(b) forms. Employees must also be provided with a...[more]

Tax credits reminder

Posted on 23rd May 2024

We would like to remind our readers that HMRC is currently sending the annual tax credit renewal packs to 730,000 tax credit claimants. HMRC is encouraging recipients to renew their tax credits claim online. HMRC started writing to taxpayers on 2 May 2024 and expects...[more]

Changes to Companies House Fees

Posted on 23rd May 2024

There have been a number of significant changes in Companies House fees. These changes took effect on 1 May 2024. The last significant change in fees occurred in April 2016.  The new fees have been calculated on a ‘cost recovery’ basis meaning that the fees...[more]

Childcare funding for under 9-month-olds

Posted on 20th May 2024

In a recent press release the Department for Education confirmed that parents of children from 9 months old can now apply to access government-funded childcare from September 2024, as England’s largest ever childcare expansion continues. From 12 May 2024, eligible working parents of children who...[more]

Universal Credit changes

Posted on 20th May 2024

Universal Credit claimants working less than half of a full-time week will have to look to increase their hours but will be able to benefit from extra work coach support. These changes will see 400,000 Universal Credit claimants receive more help to progress in work....[more]

Deferring National Insurance payments

Posted on 16th May 2024

Employees with more than one job may be able to defer or delay paying Class 1 National Insurance in certain circumstances. This deferment can be considered when any of the following apply: You pay Class 1 National Insurance with more than one employer. You earn...[more]

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