News

A strong VAT control system should clearly identify who is responsible for VAT, document the processes involved and regularly check ...

The tax rules concerning what constitutes a distribution for tax purposes have remained largely unchanged since Corporation Tax was introduced ...

Businesses planning major infrastructure and development projects should be aware of a new government consultation on the tax treatment of ...

UK employers with employees who normally work overseas may have PAYE and National Insurance obligations when those employees come to ...

HMRC is currently carrying out its annual reconciliation of PAYE for the 2025-26 tax year. Between June and November, HMRC ...

The temporary 5% reduced rate of VAT introduced for certain children’s meals, tickets and family attractions ended on 1 September ...

Where an employee is promised a discretionary bonus as an incentive, an employer may be held liable for the full ...

An important change is coming to the way companies file their annual accounts. From 1 April 2028, all UK-registered companies ...

The latest figures from the Office for National Statistics suggest that conditions remain challenging for many UK businesses. In July ...

Self-employed individuals can deduct allowable business expenses from their income when calculating taxable profits. However, businesses must keep accurate records ...

Businesses should regularly review whether individuals working for them are correctly classified as employees, workers or self-employed. Getting employment status ...

Businesses investing in qualifying assets may be able to claim the Annual Investment Allowance (AIA) and deduct the full cost ...

Employers providing uniforms or protective clothing to employees need to understand the tax and National Insurance rules that apply. The ...

Missing a tax deadline can result in penalties from HMRC, but a taxpayer may be able to appeal if they ...

Businesses that register for VAT may be able to reclaim VAT paid on certain goods and services purchased before VAT ...

Employment law continues to evolve, and businesses should keep a close eye on forthcoming changes that may affect the way ...

Cybercrime is no longer a problem that only affects large organisations. Increasingly, small and medium-sized businesses are becoming targets because ...

A recent ruling has determined that targeting individuals online, even on a private group chat, can lead to a loss ...

Companies and other organisations that are liable for Corporation Tax must ensure they register with HMRC at the correct time ...

Businesses seeking investment through the Seed Enterprise Investment Scheme (SEIS) or Enterprise Investment Scheme (EIS) can benefit from obtaining advance ...

Employers providing loans to employees or directors need to ensure they correctly calculate any taxable benefit using HMRC’s official rate ...

When a sole trader or the partners in a partnership transfer a business to a limited company, Capital Gains Tax ...

If you become liable to pay a tax or register for a tax that HMRC has not already been informed ...

Receiving tax relief on pension contributions into a workplace pension is a great way to help prepare for retirement. In ...

Economic uncertainty has affected the confidence of many small business owners. Rising costs, changing customer demand and pressure on cash ...

Technology is changing the way businesses operate, and the pace of change is only increasing. While large organisations often have ...

1 September 2026 - Due date for corporation tax due for the year ended 30 November 2025. 19 September 2026 ...

What happens if you discover a mistake on your tax return? The good news is that errors can usually be ...

Employers can usually provide bicycles and cycling equipment to employees as a tax-free benefit. The Cycle to Work scheme can ...

The £1,000 property allowance is a helpful for individuals with small amounts of property income. The allowance provides a tax ...

Cash basis accounting is a simplified method used by sole traders and other unincorporated businesses to work out income and ...

Stamp Duty Land Tax (SDLT) is a tax that may apply when you buy land or property in England or ...

After someone dies, the beneficiaries may find that the way an estate has been distributed does not reflect their wishes ...

Many successful businesses eventually reach a point where additional finance is needed. Whether the objective is purchasing equipment, expanding premises, ...

Energy costs remain a significant overhead for many UK businesses. Although wholesale prices have eased from the exceptional highs seen ...

The Employment Allowance can help eligible employers reduce their National Insurance costs by up to £10,500 each tax year. The ...

After submitting your self-assessment return it is important to keep your records used to prepare the return. HMRC may ask ...

If you pay for replacing or repairing small tools you need for your job, you may be able to claim ...

The new Chancellor of the Exchequer, John Healey has confirmed, in a video message, that the next UK Budget will ...

UK taxpayers with income from overseas may not always be aware of the tax rules that apply. Foreign income is ...

Some self-employed individuals experience significant fluctuations in their profits from one year to the next. When this happens, HMRC’s averaging ...

Employees who use their own vehicle for business journeys may receive Mileage Allowance Payments (MAPs) from their employer. These payments ...

Protecting hard-won local customer networks is a constant and necessary battle for commercial suppliers. However, a recent High Court judgement ...

Economic conditions remain uncertain and many business owners are understandably cautious about the months ahead. Although there are signs of ...

Artificial intelligence (AI) has dominated business headlines over the past year, with many suggesting it will transform the way companies ...

With childcare costs continuing to rise, many working families could be missing out on valuable support through the Tax-Free Childcare ...

Keeping your skills and knowledge up to date is important but the cost of professional training can add up. If ...

Receiving money from a family member can be a welcome source of financial support, but many people are unsure whether ...