Tax relief for structures and buildings expenditure
Maximise your tax relief with the Structures and Buildings Allowances (SBA). If you have invested...
Treatment of post-cessation receipts and payments
When a trade ends, income doesn’t always stop. Post-cessation receipts can still arise, and knowing...
How far back can HMRC assess under-declared taxes?
From income tax to VAT, HMRC has specific time limits for issuing tax assessments. Depending...
UK residence and tax issues
The UK's shift to the Foreign Income and Gains (FIG) regime from April 2025 changes...
What’s included in your VAT return
With a £90,000 VAT registration threshold, many UK businesses might wonder whether to register voluntarily...
Tax-free redundancy payments
If redundancy strikes, you could receive up to £30,000 tax-free. Whether it’s statutory or a...
The benefits of benchmarking financial results
Benchmarking financial results involves comparing a business’s financial performance against industry standards or competitors. This...
Women in leadership roles
The UK is making significant strides in promoting gender equality within its top companies. According...
Self-employment cannot be used as a tax smokescreen for contracted employees
A complex celebrity case arose recently in which the First-tier Tax Tribunal (FTT) was asked...
Gifts exempt from Inheritance Tax
Navigating the intricacies of Inheritance Tax (IHT) can be daunting, but understanding the available gift...
Business mileage with your own vehicle
Understanding the nuances of tax relief for using your personal vehicle for work can lead...
E-invoicing consultation
HMRC together with the Department for Business and Trade (DBT) have launched a new consultation...
Claiming tax relief for job expenses
Employees working from home may be eligible to claim a tax deduction for certain job-related...
Probate waiting times halved
The Ministry of Justice (MOJ), together with HM Courts & Tribunals Service (HMCTS) and the...
Is your extra income taxable?
HMRC has launched a new "Help for Hustlers" campaign to help people who are earning...
Should you incorporate your business?
Deciding whether to incorporate your business in the UK involves evaluating several key factors:
Limited Liability...
Exploring National Insurance Credits
Even if you have never been employed, you might have been eligible for NI credits...
CIS monthly returns obligations
The Construction Industry Scheme (CIS) requires contractors to deduct tax from subcontractor payments and file...
Check or update company car tax details
If you use a company car for private travel, it's taxed as a Benefit in...
Jointly owned property – no partnership
Tax on rental income from jointly owned property depends on ownership shares, unless part of...
Tax when transferring assets during divorce proceedings
Separation and divorce can create tax implications, particularly Capital Gains Tax (CGT) on asset transfers...
Cut in interest rates
The Bank of England’s Monetary Policy Committee (MPC) met on 5 February and in a...
Health services exempt from VAT
Health professionals providing medical services may be exempt from VAT if their work falls within...
How to Check the Creditworthiness of New Customers
Before extending credit to new customers, it’s essential to assess their financial reliability. Checking their...
