News

Employees with more than one job may be able to defer or delay paying Class 1 National Insurance in certain ...
Read More

The Check a UK VAT number service is available at: www.gov.uk/check-uk-vat-number. This service allows users to check: if a UK ...
Read More

There are a number of reasons why you may need to close your limited company. This could be because the ...
Read More

An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference ...
Read More

An overseas company must register with Companies House if they want to set up a place of business in the ...
Read More

There are a number of rules and regulations that you must be aware of when you employ staff for the ...
Read More

A recent post by Companies House confirmed that they are now using new powers to challenge the registration of certain ...
Read More

A reminder that businesses must submit all export declarations through the Customs Declaration Service (CDS) by 4 June. Businesses exporting ...
Read More

There are special rules concerning the liability to IHT of a transfer made during a lifetime. For example, most gifts ...
Read More

The Economic Crime Levy is a levy that applies to businesses that are already regulated for anti-money laundering purposes. Your ...
Read More

In the Autumn Statement last year, it was announced that the existing R&D Expenditure Credit and Small and Medium Enterprise ...
Read More

HMRC’s published guidance titled ‘Check genuine HMRC contact that uses more than one communication method’ has been updated. The list ...
Read More

The Ministry of Justice has published an urgent warning for anyone with unclaimed dormant funds held by the Courts Funds ...
Read More

HMRC is currently sending the annual tax credit renewal packs to the 730,000 tax credit claimants and is encouraging recipients ...
Read More

The recently introduced Economic Crime and Transparency Act has gifted Companies House a range of new powers aimed at reducing ...
Read More

New consumer protections against hacking and cyber-attacks came into force at the end of April 2024. All internet connected smart ...
Read More

1 June 2024 - Due date for corporation tax due for the year ended 31 August 2023. 19 June 2024 ...
Read More

Customs declarations can be difficult and time consuming to complete. Businesses can make their own custom's declarations; however, this is ...
Read More

Business rates are a tax on non-domestic premises, including most commercial properties such as shops, offices, pubs, warehouses and factories ...
Read More

HMRC has the power to make directors personally liable for paying the tax debts of companies they have been involved ...
Read More

The self-employed tax basis period reform has changed the way trading income is allocated to tax years. Under the reforms, ...
Read More

New rules that stop employers from withholding tips from people working in the hospitality, leisure and services sectors are a ...
Read More

The government is looking to introduce a new relief that would provide a VAT boost to charitable donations. The new ...
Read More

The Government has tabled amendments to expand the territorial extent of the Post Office Offences Bill. Convictions resulting from the ...
Read More

The government has launched the new Help to Grow: Management Essentials course; a short online course with practical tips and ...
Read More

There is an online service available on HMRC to check your National Insurance Contributions (NIC) record online. The service is ...
Read More

The Inheritance Tax residence nil rate band (RNRB) is a transferable allowance for married couples and civil partners (per person) ...
Read More

In general, there is no Capital Gains Tax (CGT) liability created when a property used as the main family residence ...
Read More

The Cycle to Work scheme allows employers to provide bicycles and cyclists’ safety equipment to employees as a tax-free benefit ...
Read More

There is useful guidance published on GOV.UK that explains the do’s and don’ts for Standard Visitors to the UK. Visitors ...
Read More

HMRC’s Childcare account can be used to claim free childcare (if eligible) or pay for Tax-Free Childcare. HMRC’s sign in ...
Read More

In a recent press release, the Department for Energy Security and Net Zero confirmed that consumers are set to benefit ...
Read More

The government’s Tipping Act is a step closer to coming into force, as the Code of Practice is published and ...
Read More

Most self-employed people are required to pay Class 4 National Insurance contributions (NICs) if their profits are £12,570 or more ...
Read More

A Post Transaction Valuation Check (PTVC) can be requested from HMRC for an individual to work out a capital gains ...
Read More

A UK Visas and Immigration (UKVI) account can be used by eligible users to view and prove their immigration status ...
Read More

From April 2026, the government will mandate the reporting and paying of Income Tax and Class 1A National Insurance Contributions ...
Read More

A reminder of the changes to Scottish Income Tax rates for the 2024-25 tax year. It was announced as part ...
Read More

Employers can register on a voluntary basis (before the start of the tax year) to report and account for tax ...
Read More

1 May 2024 - Due date for corporation tax due for the year ended 30 July 2023. 19 May 2024 ...
Read More

Business owners that are in dispute with their energy suppliers will be interested in the free support on offer from ...
Read More

The Insolvency Service has recently published information confirming that a total of 831 company directors were banned in 2023-24 for ...
Read More

There are special procedures for moving goods in and out of Northern Ireland. Under the Northern Ireland Protocol, all Northern ...
Read More

VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are ...
Read More

The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax ...
Read More

HMRC has, for many years, looked to target businesses that deliberately undertake electronic sales suppression (ESS). ESS happens where a ...
Read More

Employers that take on a new employee need to work out which tax code and starter declaration to use in ...
Read More

HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store ...
Read More