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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
Income Tax

Using your own vehicles for work-related journeys

If you are an employee and use your own money to buy things you need for your job you can sometimes claim tax relief for ...
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Income Tax

Should you pay tax on selling goods online?

HMRC has published new guidance for taxpayers that regularly sell goods or services through an online marketplace. The guidance makes it clear that this activity ...
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HMRC notices

Landlords – claiming maintenance and repairs costs

Landlords are able to claim for allowable expenses as a deduction from their rental income when calculating taxable rental profits to declare to HMRC. The ...
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Employment & Payroll

Reporting employee changes to HMRC

There are rules that businesses must follow when they are reporting employee changes. These changes must be sent to HMRC using a Full Payment Submission ...
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Income Tax

Record number of taxpayers file on time

HMRC has confirmed that more than 11.5 million people submitted their 2022-23 self-assessment tax returns by the 31 January deadline. This included over 778,000 taxpayers ...
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Duties

Alcohol duty freeze takes effect

As part of the Autumn Statement measures the Chancellor announced that the duty rates on beer, cider, wine and spirits would be frozen at the ...
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Customs Duties

Does your business offer customs services?

If your business does offer customs services, did you know that HMRC could offer you a free listing on their published lists. HMRC do not ...
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General

Government promotes electric vehicles

The government department active in the promotion of electric vehicles has published guidance regarding the costs, charging issues and infrastructure. We have extracted a few ...
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Income Tax

Do you need to tell HMRC about additional income?

There is an online tool that allows taxpayers to check if they need to notify HMRC about additional income. The online tool can be found ...
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Capital Gains Tax

Capital sums derived from assets

HMRC’s guidance is clear that where a capital sum is derived from an asset, the relevant legislation treats the owner as having made a disposal ...
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Value Added Tax

Joining or leaving the VAT Cash Accounting Scheme

The VAT Cash Accounting Scheme can offer useful benefits to small businesses. Under standard VAT accounting, VAT is payable on sales whether or not the ...
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Income Tax

File early to have self-assessment tax coded out

The coding out threshold may entitle you to have tax underpayments collected via your tax code when you are in employment or in receipt of ...
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Income Tax

Penalties if you missed the filing deadline

Have you missed the 31 January 2024 filing deadline for your 2022-23 self-assessment return? If you have missed the filing deadline, then you will be ...
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HMRC notices

Time to Pay your tax

Businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time ...
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Business Support

Does your business have a March year end date?

Leaving aside tax planning issues all businesses should be considering business planning opportunities if they presently have an accounting year end date of 31 March ...
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Business Support

Changes at Companies House

Companies House have issued an update on their first implementation of changes brought about by The Economic Crime and Corporate Transparency Act. We have copied ...
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Employment & Payroll

Tax and working from home

Employees who are working from home may be able to claim tax relief for bills they pay that are work related. Employers may reimburse employees ...
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Value Added Tax

VAT – option to tax property

There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and buildings (known as the option ...
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Payroll

Assets made available to an employee

Assets such as computers, televisions and bicycles that are made available to employees can create certain tax, National Insurance and reporting obligations. There is no ...
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Income Tax

Do you need to register for self-assessment?

There are a number of reasons why you might need to complete a self-assessment tax return. This includes if you are self-employed, a company director, ...
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Employee Benefits

Reporting company car changes

There is a requirement to notify HMRC if you make any company cars available for private use by company directors or employees. The definition of ...
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Payroll

Correcting payroll mistakes

Employers generally use payroll software or other payroll services to record employees pay, deductions and National Insurance contributions on or before each payday. They also ...
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Business Support

Government steps to secure UK supply chains

Industry leaders have welcomed the Government’s new Critical Imports and Supply Chain Strategy, safeguarding UK supplies of critical goods such as medicines, minerals and semiconductors. ...
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General

Government launches new WhatsApp channel

The Government has launched a new account on WhatsApp Channels, allowing members of the public to subscribe to receive important updates to their phones. As ...
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Value Added Tax

Using the VAT Flat Rate Scheme

The VAT Flat Rate scheme allows businesses to pay VAT as a fixed percentage of their VAT inclusive turnover. The actual percentage used depends on ...
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Inheritance Tax

IHT gifts – 7 year limit

Most gifts made during a person’s life are not subject to tax at the time of the gift. These lifetime transfers are known as 'potentially ...
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Income Tax

Reminder to claim the Marriage Allowance

The marriage allowance applies to married couples and those in a civil partnership where a spouse or civil partner does not pay tax or does ...
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Payroll

Year end payroll reporting

It is not that long until the current 2023-24 tax year comes to an end and there are a number of year end payroll chores ...
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Corporation Tax

Full expensing of capital purchases

A reminder to readers that the full expensing 100% first-year capital allowance for qualifying plant and machinery assets came into effect last April. To qualify ...
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Capital Gains Tax

Bed and breakfast share sales

The term bed and breakfasting (sale and repurchase) of shares refers to transactions where shares are sold and bought back the next morning. This used ...
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