Harbour Key Limited

Our April HK Newsletter online to read https://bit.ly/4aNw162 Happy New Tax Year! As we begin the 2024/25 tax year, stay informed about key changes in rates, allowances, and thresholds. Don't forget to review your coding notice. Details here: https://bit.ly/3xDx0rd #TaxSeason 💡 Keep an eye on your tax obligations! Despite an increase in tax receipts, the UK's tax gap remains significant. Learn more about HMRC's targeted campaigns and ensure compliance. #TaxGap #HMRC R&D tax relief undergoes scrutiny as HMRC reassesses past claims. Stay updated on changes to avoid potential repayment obligations. Innovation is valuable, but compliance is key. #Research #InnovationUnleashed Don't miss important tax dates! Mark your calendar for key deadlines between 1st January and 30th April 2024. Stay organized and avoid any last-minute rushes. https://bit.ly/49Th8PB #TaxCalendar #Deadlines

Our June Newsletter https://bit.ly/45uYLzd 🗳️ Election fever is upon us! With tax as a major battleground, here's a rundown of what we're seeing in the market and from client queries. Get the latest insights in our June newsletter. #Election2024 #TaxNews 📊 The IFS warns that spending cuts or tax hikes are inevitable, no matter who wins the election. Read more on the potential tax landscape in our latest newsletter. #TaxPolicy #Election2024 🌍 Considering a move to a low-tax jurisdiction? Discover why Italy, Spain, France, and Malta are becoming popular destinations for the wealthy. #TaxPlanning #GlobalMobility 🌾 Wealthy landowners are taking action amidst fears of tightened inheritance tax reliefs. Learn about the potential changes and how to plan ahead in our latest newsletter. #InheritanceTax #WealthManagement 🏫 Worried about Labour's proposed VAT on private school fees? Stay informed and plan ahead with Harbour Key. #Education #TaxNews 💼 Thinking of selling your business? Capital gains tax could be in the spotlight post-election. #BusinessSales #TaxPlanning 💰 Changes to "carried interest" tax rules could be on the horizon. Stay ahead with the latest updates from Harbour Key's June newsletter. #TaxNews 🤖 AI is transforming tax compliance. Learn how HMRC is using AI for tax investigations and what this means for you in our June newsletter. #TaxCompliance #AI 📅 By our next newsletter, the election will be over, and new tax policies may be on the way. Stay tuned with Harbour Key for the latest updates. #Election2024 #TaxPolicy 📝 Nearly 300,000 self-assessment returns filed in the first week of the tax year! Get tips on filing early and more in our June newsletter. #TaxReturns #SelfAssessment 💸 Start-ups struggling to find investment? Despite SEIS & EIS tax breaks, funding fell 15% last year. Read more in our June newsletter. #Startups #Investment 🚜 Local clients in Tewkesbury: Grants available for rural businesses! Check out our newsletter for details on the Rural England Prosperity Fund. #SmallBusiness #GrantFunding 📅 Employer reminder: P11Ds and employment-related securities returns due by 6 July. Details in our June newsletter. #EmployerReporting #TaxDeadlines 🔒 Have you set up your Onvio Client Centre account? Ensure secure communication and document retrieval with Harbour Key. Learn more in our June newsletter. #ClientPortal #DataSecurity 📅 Key tax dates from 1 May to 31 July 2024 are now available. Stay on top of your tax obligations with our helpful guide. #TaxDeadlines #TaxPlanning https://bit.ly/3x5hEw5

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🎉 Happy New Year from Harbour Key! 🎉 We hope your New Year started on a joyful note! As we step into 2024, here's a quick recap of what's been happening at Harbour Key. 🌟 Tax Filing Surge During the Holidays The holiday season brought unexpected excitement as 4,757 individuals filed tax returns on Christmas Day, and 23,724 took a break on New Year's Day to tackle tax admin. Kudos to the 127 who opted for midnight tax returns on January 1st! As we gear up for the January 31 deadline, we're prioritising client tax returns based on receipt order. ⚠️ Beware of Self-Assessment Scams A word of caution: Watch out for self-assessment tricksters! A fake HMRC text claiming a tax refund of £277 has been circulating. Remember, HMRC won't contact you via text or email for a tax rebate. Stay vigilant, and report suspicious activity. 🌊 Support for Flood-Hit Communities Communities affected by Storm Henk (2-8 January) can now apply for government support. Eligible areas in England can receive assistance for immediate costs, council tax relief, and grants to enhance flood resistance. 💼 NIC Cut - A Pay Raise for Many Starting January 6, The Chancellor's National Insurance cut is in effect! Employees will benefit from a 2p cut (from 12% to 10%), putting an average of £8.61 extra in their pockets weekly. Self-employed individuals will also experience a reduction from 9% to 8% on profits (effective April 6, 2024). 🚨 HMRC & Banking Challenges In the last month, we've highlighted our struggles with HMRC, and The Chartered Institute of Taxation has expressed concerns. Check out our latest blog about the additional checks imposed by banks, causing increased work and delays. 🏴󠁧󠁢󠁳󠁣󠁴󠁿 Scottish Budget Highlights In December, Scotland announced its own Budget, with higher earners facing tax increases. Stay informed about the changes, especially if you're in Scotland or have business dealings there. 💼 Side Hustles and Tax Reporting For those with side hustles on platforms like eBay and Airbnb, be aware that income reporting to HMRC is now mandatory. Stay compliant to avoid penalties, and if you have questions, reach out to us! 💰 Increased VAT Investigations Bring in £11.4 Billion HMRC's rigorous tax compliance measures yielded £11.4 billion in unpaid tax. The focus on VAT investigations, especially for large businesses, resulted in a significant contribution. 🔄 Business Exit Strategies Amid Tax Uncertainty As political and tax uncertainties loom, two-thirds of UK business owners are considering exit strategies. If you're contemplating a business exit, we're here to advise and support you through the process. Wishing you a prosperous and successful 2024! If you have any questions or concerns, don't hesitate to reach out. https://bit.ly/47xIn0r

🎅 Team HK wishes you a Merry Christmas & Happy New Year! 🎄 Please note our our office will be closed from noon on 22 December to 9am on 2 January 2024. Read our updates on tax deadlines, Autumn Statement, HMRC challenges, Christmas parties, rural business grants & more here https://bit.ly/48eu8hC ttps://bit.ly/3NtwzVz

Harbour Key Limited #autumnstatement2023 summary out now. Take a look at https://bit.ly/3uoBSit

OCTOBER E-NEWSLETTER 2023 🍁 As autumn rolls in, so does the anticipation of the Autumn Statement on November 22nd. But it's not just falling leaves we're talking about—taxation is taking center stage in this election season. 🗳️💰 📊 According to the IFS, the UK might see the largest tax-raising period in parliamentary history, with an estimated £3,500 extra per household by the next election. Stealth taxes and a corporation tax hike are key factors. 🌹 The Labour Party's plans include changes in stamp duty, windfall taxes, and more. They're exploring the closure of tax reliefs to generate funds for spending commitments. 🏠 Property owners, beware! HMRC is cracking down on tax avoidance schemes for rental profits. 💼 And remember, beyond taxes, it's essential to have an updated Will and Power of Attorney in place for personal and business protection. 🌐 If you need guidance or have any questions, feel free to reach out to us. Your tax affairs are essential. 📅 Mark your calendar for the Autumn Statement on November 22nd, and don't forget the self-assessment paper return deadline on October 31st. #AutumnStatement #Taxation #ElectionSeason #UKPolitics https://lnkd.in/eigFWpmb

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Our August e-newsletter is now out. @HMRCgovuk #tax enquiry activity, Legislation Day, Charitable Giving, South West #investment fund & much more at https://bit.ly/456dEah @HarbourKey