GM Tax

Uncategorized

Deadline for voluntary National Insurance contributions extended to April 2025

You now have until 5 April 2025 to fill in the gaps in your National Insurance record from April 2006 that may increase your entitlement to the British State Pension – an extension of nearly 2 years. Extending the voluntary National Insurance contributions deadline until 2025 means that you have more time to consider whether

Deadline for voluntary National Insurance contributions extended to April 2025 Read More »

Changes to the way working from home deductions are claimed for 2023

The ATO has made changes to the way that working from home deductions can be claimed by eligible taxpayers for the 2023 income year.  The changes largely relate to the records to be maintained. If you have genuinely worked from home at any time from 1 July 2022 to 30 June 2023, you may be eligible

Changes to the way working from home deductions are claimed for 2023 Read More »

Registration of Overseas Entities on the UK Register of Overseas Entities

The Register of Overseas Entities came into force in the UK on 1 August 2022 through the new Economic Crime (Transparency and Enforcement) Act 2022. Overseas entities who want to buy, sell or transfer property or land in the UK, must register with Companies House and notify who their registrable beneficial owners or managing officers

Registration of Overseas Entities on the UK Register of Overseas Entities Read More »

Australian Federal Court backs 2019 ruling the controversial ‘backpacker tax’ invalid

Following an appeal by the ATO, the Australian High Court has today reaffirmed a court ruling from October 2019 which stated that the ‘Backpacker Tax’ cannot be levied on citizens from certain foreign countries, namely UK, the US, Germany, Finland, Chile, Japan, Norway and Turkey. What does this ruling mean for Backpackers? If you visited

Australian Federal Court backs 2019 ruling the controversial ‘backpacker tax’ invalid Read More »

Commonwealth COVID-19 Disaster Payment

The COVID-19 Disaster Payment was originally announced on 3 June 2021 in response to the May/June 2021 Victorian lockdown (and made applicable to future Commonwealth declared hotspots such as in NSW, Victoria, Queensland and South Australia).   Its primary aim is to provide weekly assistance to eligible individuals (i.e., eligible full time, part time and

Commonwealth COVID-19 Disaster Payment Read More »

VIC COVID-19 Economic Support Measures

Has your business been affected by the recent lockdowns announced in Victoria? If so, please see below for the support tax free measures available to you and your business should you be eligible:   Business Costs Assistance Program Round Four (‘BCAP4’) Eligible businesses will receive additional payments per week with payment size determined according to their

VIC COVID-19 Economic Support Measures Read More »