VAT – Entertainment provided to directors and partners of a business
When considering VAT on entertainment provided solely to directors or partners of a business it...
Exception from VAT registration
Businesses over £90,000 turnover must register for VAT, but HMRC may grant exceptions if the...
Are casual payments taxable?
Not all casual payments are tax-free; HMRC’s miscellaneous income rules may apply depending on the...
Two important 2025 self-assessment deadlines
Paper tax returns are due 31 October 2025, and new registrants must notify HMRC by...
Tax-free income from letting a room in your home
Homeowners can earn up to £7,500 tax-free under the rent-a-room scheme, with simple reporting and...
Sharing income from jointly held property
The standard tax treatment for couples living together, whether married or in a civil partnership...
What is the recent £150bn tech investment deal?
During the State Visit by President Trump, the UK secured a record-breaking £150 billion of...
Choosing the right way to buy a vehicle for your business
For many business owners, a vehicle is an essential tool. Whether it is for visiting...
Unauthorised issue of a VAT invoice
Issuing a VAT invoice without registration or authorisation can lead to HMRC penalties, even if...
Beware scams pretending to be HMRC
Fraudsters are continuing to target taxpayers with scam emails as the deadline for submission of...
War Widows Recognition Payments Scheme
Bereaved spouses who lost service pensions before 2015 have until 15 October 2025 to claim...
Dividend taxes will they increase?
Speculation is growing that rates or allowances applied to dividend income may change in the...
Tax relief for employer contributions to a pension scheme
Employers can generally claim tax relief on contributions made to a registered pension scheme by...
Who needs to register for anti-money laundering supervision
If your business operates in a sector covered by the Money Laundering Regulations, you must...
Don’t rush to judgement over pending tribunal claims
Mr. Aslam, a former Metroline employee, applied to another bus company on 13 April 2019...
Why you should maintain a tax reserve
Every business has a duty to pay tax, whether that is Corporation Tax, VAT, PAYE...
Understanding working capital and why it matters
Working capital is a simple but powerful measure of a business’s financial health. It is...
Budget date announced
The Chancellor of the Exchequer, Rachel Reeves has confirmed, in a video message, that the...
16 years old – the minimum age for a company director
Thinking of starting a company at 16? Know the rules, risks and responsibilities before you...
What is the settlement legislation?
Thinking of gifting income to a spouse or partner? HMRC’s settlements rules may still tax...
How do HMRC define “wholly and exclusively” for tax purposes
Not sure if a business cost is deductible? HMRC’s ‘wholly and exclusively’ rule is the...
Using your own car for work purposes
Using your own car or bike for work travel? You may be able to claim...
When you cannot charge VAT
Not all goods and services carry a 20% VAT, knowing the right rate can save...
How to pay corporation tax online
Paying Corporation Tax? Always use the correct reference or risk delays and penalties.
To pay Corporation...
