News
Tax Diary October/November 2024
1 October 2024 - Due date for Corporation Tax due for the year ended 31 [...]
Read MoreQualifying for Business Asset Disposal Relief
Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a [...]
Read MoreClaiming Child Trust Fund cash
If you turned 18 on or after 1 September 2020, there may be cash waiting [...]
Read MoreEmploying under 16-year-olds and young workers
When a new employee is added to the payroll it is the employers' responsibility to [...]
Read MoreSelf-assessment deadlines 2023-24
The deadline for submitting paper self-assessment tax returns for the 2023-24 tax year is 31 [...]
Read MorePenalties for late filing of company accounts
There are late filing penalties which are designed to encourage companies to file their accounts [...]
Read MoreCould an interest rate reduction reduce government expenditure?
A 1% reduction in the Bank Rate would reduce the UK government's annual interest charges [...]
Read MoreWhat is the new National Wealth Fund
The UK's new National Wealth Fund (NWF) represents a significant shift in the government's approach [...]
Read MoreNegative equity
Negative equity occurs when the value of an asset, typically a property, falls below the [...]
Read MoreBusiness sectors subject to AML regulation
In the UK, certain business sectors are required to register with a regulatory body, such [...]
Read MoreCGT Gift Hold-Over Relief
Gift Hold-Over Relief is a tax relief that defers the payment of Capital Gains Tax [...]
Read MoreMedical and dental care for employees
There is no requirement for employers to pay tax and National Insurance on certain health [...]
Read MoreCarry forward a company trading loss
There are a significant number of reliefs available to businesses that suffer losses. Certain losses [...]
Read MoreCould you claim Pension Credits?
Pension Credits can provide extra income to those over State Pension age and on a [...]
Read MoreClaim tax deduction for working from home
Employees who are working from home may be eligible to claim a tax deduction on [...]
Read MoreAdvising HMRC about additional income
There is an online tool available on GOV.UK that allows taxpayers to check if they [...]
Read MoreTips at work
Tips received at work do not count towards your earning for the purposes of the [...]
Read MoreDefinition of living together
There are many tax reliefs available to married couples or civil partners. In many cases, [...]
Read MoreLate filing penalties VAT returns
The VAT penalty regime that applies to the late submission and / or late payments [...]
Read MoreNo change to Corporation Tax rates?
The Corporation Tax Main Rate applies to companies with profits exceeding £250,000 and is currently [...]
Read MoreUpdate on High Income Child Benefit Charge
Changes to the High Income Child Benefit Charge (HICBC) came into effect on 6 April [...]
Read MoreWhat is an appropriate address for a company?
One of the key changes introduced as part of the Economic Crime and Corporate Transparency [...]
Read MorePersistence pays off
Persistence in following up leads is a crucial trait in many fields, especially in sales [...]
Read MorePaying tax via your tax code
You may be able to have tax underpayments collected via your tax code when you [...]
Read MoreWhat is Gift Hold-Over Relief?
Gift Hold-Over Relief defers the payment of Capital Gains Tax (CGT). It can be claimed [...]
Read MoreIHT unused Residence Nil Rate Band (RNRB)
The Inheritance Tax Residence Nil Rate Band (RNRB) is a transferable allowance available to married [...]
Read MoreDo you have a personal tax account?
HMRC’s Personal Tax Accounts (PTAs) serve as an online tool that enables taxpayers to view [...]
Read MoreChecking employees DBS certificates
The Disclosure and Barring Service (DBS) is an executive non-departmental public body sponsored by the [...]
Read MoreCheck your State Pension forecast
The enhanced Check Your State Pension forecast service is available online. The service can be [...]
Read MoreGuidance for charities on managing public disorder
The charity commission has offered the following guidance to charities following the recent public disorder [...]
Read More£32m for AI projects
Companies developing artificial intelligence (AI) to improve safety on construction sites, reduce time spent repairing [...]
Read MoreDon’t forget to report property gains
A higher rate of CGT applies to gains on the disposal of residential property (apart [...]
Read MoreTax relief for goodwill purchases
Goodwill is a concept frequently discussed, and yet it is seldom addressed in legislation. Typically, [...]
Read MoreCorporate claims for charitable donations
When a limited company makes charitable donations specific rules apply. These may include Corporation Tax [...]
Read MoreMore detail on VAT charge on private school fees
More details have been published regarding Chancellor Rachel Reeves' plans to impose a VAT charge [...]
Read MoreHoliday Lets – the demise of tax concessions
It was announced as part of the Spring Budget measures that the present favourable tax [...]
Read MorePension contributions – claiming higher rate tax relief
You can usually claim tax relief on private pension contributions worth up to 100% of [...]
Read MoreRoad fuel costs still too high
The Competition and Markets Authority (CMA) has published an update on the widespread action it [...]
Read MoreLiving Wage rates to be overhauled
In a move to put more money in working people’s pockets, the government has overhauled [...]
Read MoreFirst interest rates cut in over four years
The Bank of England’s Monetary Policy Committee (MPC) met on 1 August and in a [...]
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