Newsroom
What we’re seeing across our clients.
Commentary, briefings and case studies from the Mercian team — what’s hitting our inbox, what HMRC is asking, and what owners are doing about it.
A Guide for Companies Receiving ICO Letters: Data Protection Obligations
ICO Compliance letters for companies In recent times, UK businesses have received significant communication from the Information Commissioner’s Office (ICO), spotlighting the critical importance of compliance with the General Data Protection Regulation (GDPR). As a cornerstone of data privacy and security, GDPR compliance is not just a legal necessity but a fundamental aspect of business…
Read MoreThe 2024 Holiday Entitlement Changes: A Guide for Employers
The 2024 Holiday Entitlement Changes It is imperative for employers to turn their attention to a series of significant changes in the UK’s employment law, particularly concerning holiday entitlements. These changes, primarily stemming from the Retained EU Law (Revocation and Reform) Act 2023 and the consequential amendments following the Harpur Trust v Brazel decision, are…
Read MoreTax-Free Dividend Allowance
What is the Tax-Free Dividend Allowance? The Tax-Free Dividend Allowance is a specific threshold up to which individuals can receive dividend income without having to pay tax on it. In the 2023/24 tax year, the allowance was set at £1,000. This allowance is relevant to individuals who receive dividends, either from investments in companies or…
Read MoreDigital Marketplaces Reporting Side Hustles to HMRC
Update affects most Digital Marketplaces We are committed to providing exceptional financial guidance and services, so we are bringing to your attention the latest developments in tax regulations that could impact those earning additional income through online platforms. As specialists in navigating the complexities of tax compliance, we aim to keep our clients and the…
Read MoreJanuary 2024 Tax Newsletter
Happy New Year, and welcome to the January edition of Tax E-News. We hope that you find this informative. Please get in touch with us if you wish to discuss any matters in more detail. New Year Resolutions To Save Tax At this time of year, we think about New Year’s resolutions. It is also…
Read MoreChristmas Closure
🎄 Season’s Greetings from Mercian Accountants! Holiday Closure Announcement: As we embrace the festive spirit of the Christmas season, we would like to inform our valued clients and visitors that Mercian Accountants will be closed for the holidays from 5:30 PM Friday 22nd December to 8:00 AM Tuesday 2nd January. Our office will not be…
Read MoreNew HMRC Letter Campaign: Landlords Incorporation Relief 2017/18
Understanding the New Compliance Drive in Property Taxation Introduction: A Focused HMRC Initiative on Property Tax Compliance HM Revenue & Customs (HMRC) has embarked on a crucial campaign, turning its attention to a specific sector of the property market: buy-to-let landlords. This campaign specifically addresses those who strategically incorporated their property businesses into limited companies…
Read MoreChristmas 2023 Arrangements and Deadlines
May you be in good health and spirits, with your Christmas preparations progressing smoothly. We trust that the festive season is shaping up delightfully for you. Christmas Holidays and Busy Season Our final day of operation in 2023 will be Friday, 22nd December. We will resume our services in the new year on Tuesday, 2nd…
Read More2024 Updates to National Minimum and Living Wages: Essential Guide for Employers
2024 NMW and NLW Adjustments: What UK Employers Need to Know As expert accountants, we at Mercian Accountants are dedicated to keeping UK employers well-informed about the upcoming changes to the National Minimum Wage (NMW) and National Living Wage (NLW) coming into effect in April 2024. It’s crucial for businesses to stay ahead of these…
Read MoreGoodbye to Tax Clearance: A Shift in Responsibility for MVLs
HMRC Cease Providing Tax Clearance for Members’ Voluntary Liquidations Effective immediately, HMRC will no longer provide pre- and post-tax clearances for members’ voluntary liquidations (MVLs). This change, announced in HMRC’s Insolvency Guidance on December 6, 2023, shifts the responsibility for determining tax compliance to insolvency practitioners (IPs), who must rely on their professional judgment to…
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