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All
  • All
  • Bookkeeping
  • Budget
  • Budget Summary
  • Building profits
  • Business
  • Business management
  • Business planning
  • Business startup
  • Business Support
  • Business tax
  • Capital allowances
  • Capital Gains Tax
  • Charity
  • Client focus
  • Collaboration
  • Construction Industry Scheme
  • Corporate Governance & Regulation
  • Corporate tax planning
  • Corporation Tax
  • Creative businesses
  • Creative industry
  • Customs Duties
  • Duties
  • Economy
  • Employee Benefits
  • Employees
  • Employment & Payroll
  • Employment Law
  • Excise duties
  • Finance
  • Finance stories
  • General
  • HMRC notices
  • Holiday
  • Income Tax
  • Inheritance Tax
  • Managing costs
  • National Insurance
  • NIC & Pensions
  • Overseas Corporate tax issues
  • Overseas personal tax issues
  • Overseas tax issues
  • Payroll
  • Pension
  • Personal
  • Personal tax planning
  • Profit margin
  • Property Investment
  • Savings
  • Stamp duty
  • Stamp Duty Land Tax
  • Stocks & shares
  • Tax credits
  • Tax Diary
  • Trading
  • Uncategorised
  • Value Added Tax
  • VAT
  • Wedding
Personal

Childcare Account chores

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

Smart energy

In a recent press release, the Department for Energy Security and Net Zero confirmed that consumers are set to benefit from cheaper and more convenient ...
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General

Tipping boost

The government’s Tipping Act is a step closer to coming into force, as the Code of Practice is published and laid before Parliament. The new ...
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National Insurance

Class 4 NICs who is liable?

Most self-employed people are required to pay Class 4 National Insurance contributions (NICs) if their profits are £12,570 or more a year. Class 4 NIC ...
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Capital Gains Tax

Post Transaction Valuation Checks

A Post Transaction Valuation Check (PTVC) can be requested from HMRC for an individual to work out a capital gains tax liability or for companies ...
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General

View and prove your immigration status

A UK Visas and Immigration (UKVI) account can be used by eligible users to view and prove their immigration status online. This may be required ...
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Employment & Payroll

Taxable employment benefits from April 2026

From April 2026, the government will mandate the reporting and paying of Income Tax and Class 1A National Insurance Contributions on benefits in kind via ...
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Income Tax

Changes to Scottish Income Tax rates 2024-25

A reminder of the changes to Scottish Income Tax rates for the 2024-25 tax year. It was announced as part of the Scottish Budget measures ...
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Employee Benefits

Payrolling employee expenses and benefits

Employers can register on a voluntary basis (before the start of the tax year) to report and account for tax on certain benefits and expenses ...
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Tax Diary

Tax Diary May/June 2024

1 May 2024 - Due date for corporation tax due for the year ended 30 July 2023. 19 May 2024 - PAYE and NIC deductions ...
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Business Support

Settling energy disputes

Business owners that are in dispute with their energy suppliers will be interested in the free support on offer from the Energy Ombudsman. In a ...
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Business Support

COVID Bounce Back abuse

The Insolvency Service has recently published information confirming that a total of 831 company directors were banned in 2023-24 for Covid support scheme abuse, up ...
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Value Added Tax

Paying VAT on goods from EU to Northern Ireland

There are special procedures for moving goods in and out of Northern Ireland. Under the Northern Ireland Protocol, all Northern Ireland businesses continue to have ...
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Value Added Tax

VAT retail schemes

VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are used by businesses that sell ...
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Payroll

Termination payment clearance process

The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax and secondary National Insurance contributions ...
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General

HMRC continues to target till fraud

HMRC has, for many years, looked to target businesses that deliberately undertake electronic sales suppression (ESS). ESS happens where a business deliberately manipulates its electronic ...
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Employment & Payroll

Using the starter PAYE checklist

Employers that take on a new employee need to work out which tax code and starter declaration to use in their payroll software. Incorrect tax ...
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General

Accessing the HMRC mobile APP

HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The latest version ...
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Business Support

What do we mean by profit?

When most business owners refer to business profits, they are likely to mean the difference between sales and costs, and more concisely, that sales exceed ...
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Personal

New employment protections

New legislation, including three Government backed cross party Acts, came into force from 6 April 2024. Pregnant women and new parents will now receive special ...
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General

Measures to support household budgets from 1 April

In a recent press release the government confirmed the following policies to support household incomes from 1 April 2024. The National Living Wage has officially ...
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Business Support

To register or not to register

In the recent Spring Budget, the VAT registration threshold was raised to £90,000 (previously £85,000) which means that smaller businesses that did not want to ...
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Employee Benefits

Tax-free mileage expenses

If you use your own vehicle for business journeys you may be able to claim a tax-free allowance from your employer known as a Mileage ...
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Customs Duties

Online check how to import or export goods

HMRC has a useful online tool to help UK business owners check how to import or export goods. This online tool can be used by ...
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Corporation Tax

Restarting a dormant or non-trading company

HMRC must be informed when a non-trading or dormant company starts trading and becomes active for Corporation Tax purposes. Companies can use HMRC Online Services ...
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Income Tax

Claim tax relief if working from home

If you are an employee who is working from home, you may be able to claim tax relief for part of your household bills that ...
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Pension

Claim tax relief on pension contributions

You can usually claim tax relief on private pension contributions worth up to 100% of your annual earnings, subject to the overriding limits. Tax relief ...
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Payroll

More about emergency tax codes

The letters in an employee’s tax code signify their entitlement (or not) to the annual tax free personal allowance. The tax codes are updated annually ...
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National Insurance

Entitlement to carer’s allowance

Carer’s credit is a National Insurance credit that can help carers to fill gaps in their National Insurance record. Carers who don’t qualify for Carer’s ...
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Personal

Rent a Room Scheme – another income stream

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home to create a valuable tax free income ...
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