News

1 July 2025 - Due date for corporation tax due for the year ended 30 September 2024. 6 July 2025 ...
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Not all VAT-free sales are the same. Understanding the key difference between zero-rated and VAT-exempt supplies could save your business ...
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Private pension contributions can attract up to 45% tax relief, if you know how to claim it. Use your £60,000 ...
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Buying a zero-emission electric car through your limited company could mean 100% tax relief in year one. Understand the capital ...
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Expecting lower profits 2024-25 compared to 2023-24? You can ask HMRC to reduce your 31 July 25 tax payment on ...
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Small business? The VAT Flat Rate Scheme could cut paperwork and improve cash flow. Pay VAT as a set percentage ...
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Make regular gifts from your income and avoid inheritance tax. If structured properly, surplus income gifts can support loved ones ...
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Working capital refers to the day-to-day funds a business uses to manage its operations. It is the difference between current ...
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The UK government has officially concluded its involvement with NatWest Group, formerly known as the Royal Bank of Scotland (RBS), ...
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Employing family members can work well, but it does not mean you can skip the rules. HMRC expects full compliance ...
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From 6 April 2025, non-doms face a major shift as the remittance basis is replaced by the Foreign Income and ...
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Business Asset Rollover Relief, allows taxpayers to defer Capital Gains Tax (CGT) on gains arising from the sale or disposal ...
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Employers must pay Class 1A NICs for 2024–25 benefits by 19 July (post) or 22 July (electronic). These apply to ...
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Employees using company fuel for private journeys can sidestep a hefty benefit charge by repaying the full private fuel cost ...
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Certain company changes—like a new registered address, email, or director—must be reported to Companies House promptly. Failure to update records ...
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In a landmark ruling, the Supreme Court clarified the legal interpretation of the words ‘sex’, ‘woman’ and ‘man’ in Sections ...
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Running a business involves wearing many hats. Whether you are just starting out or looking to grow, developing the right ...
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Before you agree to buy a business, it is essential to carry out due diligence. This means carefully checking the ...
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Turning 55 soon? From April 2028, the minimum pension access age rises to 57. If you are planning to draw ...
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Thinking of transferring your sole trader or partnership business into a limited company? Incorporation Relief can help defer any capital ...
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From 6 April 2025, the remittance basis for non-doms is abolished. A new UK tax regime now applies to non-domiciled ...
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From April 2025, Agricultural Property Relief from Inheritance Tax now extends to land under qualifying environmental agreements. This means landowners ...
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Running more than one self-employed business? HMRC will not always treat them as separate. Whether they are taxed as one ...
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Parents of 16–19-year-olds: confirm your child’s continued education or training by 31 August 2025 to keep Child Benefit payments going ...
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When someone agrees to become a director of a UK limited company, they take on a set of legal responsibilities ...
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A trade mark is a vital tool for protecting the identity and reputation of your business. It can take the ...
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An Employment Tribunal confirmed that using an employer's preferred method of communicating with employees to send offensive messages can serve ...
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Considering VAT deregistration? Whether compulsory or voluntary, knowing the rules, deadlines and risks of delay can save your business from ...
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Tax perks for Furnished Holiday Lets have ended. From April 2025, lettings fall under standard rental rules. Check the transition ...
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Employers must pay Class 1A NICs on 2024–25 benefits by 19 July (22 July if paying electronically). Avoid penalties by ...
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Following a Bank Rate cut to 4.25%, HMRC late payment and repayment interest rates will drop from 19 and 28 ...
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MTD for Income Tax starts 6 April 2026 for the self-employed and landlords with £50k+ income. Plan early to stay ...
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Is your child starting school this September? Tax-Free Childcare could save you up to £2,000 a year. Check your eligibility ...
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Filing your 2024-25 Self-Assessment return early means faster refunds, better budgeting, and no deadline stress. Do not delay, start gathering ...
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For small and medium-sized enterprises (SMEs), adopting accounting software offers a range of practical benefits that help streamline financial management, ...
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On 8 May 2025, the UK government announced a landmark trade agreement with the United States, aimed at reducing tariffs ...
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The government wants your say on e-invoicing. Quicker payments, fewer errors, and better VAT reporting are on the table. A ...
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The government is consulting on new VAT relief for goods donated to charities for free use. Could this fix an ...
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The £3,000 reporting threshold for trading, property, and other income will simplify tax returns—300,000 people could be freed from filing ...
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HMRC has delayed mandatory payrolling of benefits in kind by a year to April 2027, giving employers and software providers ...
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The government has scrapped plans for detailed PAYE reporting of employee hours from April 2026, citing concerns over cost, complexity, ...
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HMRC’s CEST tool gets a revamp from 30 April 2025, with clearer questions and updated guidance to help users decide ...
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For many small and medium-sized enterprises (SMEs), the core business keeps the lights on, but additional income streams can provide ...
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Gross profit is one of the clearest indicators of how well your business is performing. It’s the money left after ...
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1 June 2025 - Due date for corporation tax due for the year ended 31 August 2024. 19 June 2025 ...
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When claiming tax relief or capital allowances on R&D, it’s crucial to ensure activities meet strict statutory definitions. Understanding Section ...
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After a business closes, income can still arise. Post-cessation receipts must be properly reported and taxed under specific rules. Knowing ...
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Dissolving a company ends its legal existence — but unresolved assets become property of the Crown under bona vacantia. Directors ...
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