Amin & Co Accountants Manchester

The Furnished Holiday Lettings (FHL) tax regime was abolished on 1 April 2025. With the new tax year approaching, we would like to remind to all affected tax payers about how these changes will apply going forward. From April 2025, income from Furnished Holiday Lettings is no longer treated separately for tax purposes. Instead, it will be combined with a taxpayers’ s other UK or overseas property income and taxed under the same rules as other property income . The new changes

From 6 April 2026 the Employment Rights Act 2025 introduced changes to Statutory Sick Pay (SSP) that all employers need to be aware.  Removal of the Lower Earnings Limit All eligible employees are now entitled to SSP regardless of income. SSP is paid at 80% of normal weekly earnings or the weekly flat rate of £123.25, whichever is lower.  This change means more lower paid employees will be eligible for SSP. You should be aware that this may affect employer payroll costs and

The small employers rate increased to 9% on 6 April 2026. Your clients who qualify for Small Employers’ Relief — if they have paid £45,000 or less in Class 1 National Insurance contributions — can reclaim 100% of all statutory payments they pay except Statutory Sick Pay which cannot be reclaimed, plus an additional 9% compensation. This means small employers can now reclaim 109% from HMRC. The compensation rate applies to: Statutory Maternity Pay Statutory Paternity Pay Statu