News

The Government has launched a consultation on proposals that could significantly change the way VAT is collected on goods sold ...

Many employees and business owners have welcomed higher earnings over the past few years. However, for a growing number of ...

Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to ...

Not every hobby becomes a taxable business, but it is important to be aware when this can happen. This can ...

If your business is VAT registered, you can usually reclaim VAT on many of the goods and services you buy ...

Married couples and civil partners are taxed separately for Capital Gains Tax (CGT), meaning each person has their own annual ...

Property owners often incur costs for repairs, and understanding which costs can be deducted is important when calculating taxable property ...

If your company makes a trading loss, it may be able to claim relief to reduce its Corporation Tax liability ...

Cyber-crime is no longer a problem faced only by large organisations. Small businesses are increasingly being targeted because criminals often ...

Artificial intelligence (AI) is no longer just for large organisations. Many small businesses are now using affordable AI tools to ...

If you are already registered for Making Tax Digital (MTD) for Income Tax, it is important to ensure you are ...

Providing benefits and covering expenses for employees is a common part of running a business, but it is important to ...

Most individuals can earn interest from their savings without incurring a tax liability thanks to a number of allowances available ...

If you are selling shares or other investments, you may incur Capital Gains Tax (CGT) on any profit, or 'gain', ...

If you have invested in a new commercial building or carried out significant renovation work, you may have overlooked a ...

If you are self-employed, claiming all of your allowable business expenses can reduce your taxable profit and, in turn, the ...

The volatile boundary between workplace speech, belief, and discrimination was recently ignited in a case that tested the sanctity of ...

1 August 2026 - Due date for Corporation Tax due for the year ended 31 October 2025. 19 August 2026 ...

Many business owners regularly monitor their bank balance, sales and cash flow, but overlook another important financial indicator, their credit ...

Most company directors are aware that they must file annual accounts and a confirmation statement with Companies House. However, missing ...

The High Income Child Benefit Charge (HICBC) applies where an individual or their partner receives Child Benefit, and their adjusted ...

A ‘60% Income Tax band’ can arises when an individual’s income exceeds £100,000 in a tax year. Once this threshold ...

Carried interest is essentially a share of the profits from an investment fund that is paid to the fund managers ...

The Construction Industry Scheme (CIS) is used within the UK construction sector to help manage payments between contractors and subcontractors ...

Employers are reminded that Class 1A National Insurance contributions (NICs) for the 2025–26 tax year must be paid by 19 ...

The term permanent establishment (PE) is an important tax concept for businesses that operate across international borders. In simple terms, ...

Many successful businesses begin by working closely with one major customer. While this can provide valuable income and stability in ...

Winning new customers is important, but many businesses overlook the value of keeping the customers they already have. Existing customers ...

There is no requirement to report certain travel and subsistence expenses where an exemption applies. The travel and subsistence benefits ...

Employees may receive a taxable benefit where an employer provides a loan that is interest-free or charged at a rate ...

When employers provide mobile phones to employees, it is important to understand the tax treatment that applies to both the ...

Understanding dividend tax is important for anyone who receives income from shares in a company. Dividends are taxed differently from ...

Employees may be entitled to tax relief on certain professional fees and subscriptions that they pay personally. The relief is ...

The Investment Manager Exemption (IME) is a long-standing HMRC concession that helps attract international investment in the UK. It allows ...

Companies House is entering a new era of enforcement as it begins making greater use of the powers granted under ...

Getting paid on time remains one of the biggest challenges facing many small and medium-sized businesses. Late payments can place ...

Capital Gains Tax (CGT) is a tax on the profit you make when you sell or dispose of an asset ...

Your National Insurance record can be checked online to see what contributions and credits you have built up and whether ...

The range of benefits that can be provided tax-free by an employer is relatively limited, but there are several common ...

When you donate money to a charity or Community Amateur Sports Club (CASC) under Gift Aid, the organisation can claim ...

Your tax code tells your employer or pension provider how much Income Tax to deduct from your pay. It is ...

Members of a Limited Liability Partnership (LLP) are normally treated as self-employed for tax purposes. However, special rules can apply ...

Equal pay claims can grind on for years before resolution. However, the ground has shifted since the Court of Appeal ...

Many small business owners assume that exporting is something reserved for larger companies with dedicated sales teams and substantial resources ...

The Government has confirmed that important changes to Companies House filing requirements will now take effect from April 2028 (rather ...

Making Tax Digital (MTD) for Income Tax is being rolled out in stages for sole traders and landlords who complete ...

The Annual Tax on Enveloped Dwellings (ATED) is a charge that applies to certain high-value residential properties held by non-natural ...

If you are required to complete a self-assessment tax return, HMRC may charge penalties if you miss the deadline for ...