News – Tide Accounting

Electronic invoicing consultation

The government wants your say on e-invoicing. Quicker payments, fewer errors, and better VAT reporting [...]

Changes to VAT on donations to charities

The government is consulting on new VAT relief for goods donated to charities for free [...]

Income reporting threshold increased

The £3,000 reporting threshold for trading, property, and other income will simplify tax returns—300,000 people [...]

Mandating the Payrolling of benefits in kind update

HMRC has delayed mandatory payrolling of benefits in kind by a year to April 2027, [...]

Reversal of requirement to report more detailed employee hours paid

The government has scrapped plans for detailed PAYE reporting of employee hours from April 2026, [...]

How to check employment status

HMRC’s CEST tool gets a revamp from 30 April 2025, with clearer questions and updated [...]

Fresh Ideas for Additional Revenue Streams

For many small and medium-sized enterprises (SMEs), the core business keeps the lights on, but [...]

How to Increase Gross Profit Returns

Gross profit is one of the clearest indicators of how well your business is performing. [...]

Definition of R&D for tax purposes

When claiming tax relief or capital allowances on R&D, it’s crucial to ensure activities meet [...]

Tax treatment of income after cessation

After a business closes, income can still arise. Post-cessation receipts must be properly reported and [...]

Tax refunds for dissolved companies

Dissolving a company ends its legal existence — but unresolved assets become property of the [...]

Tax relief if required to work from home

If employees must work from home and their employer does not reimburse certain costs, they [...]

Is income from hobbies taxable?

Not every money-making hobby counts as a business for tax purposes. Knowing when a hobby [...]

State Benefits – What is taxable and what is not

Not all state benefits are tax-free! Some, like the State Pension and Carer’s Allowance, are [...]

Cybersecurity

Cybersecurity might sound like something only big corporations need to worry about, but in truth, [...]

Access to Funding and Credit

For many small business owners, getting access to funding feels like trying to squeeze water [...]

VAT Road Fuel Scale Charges

The new VAT road fuel scale charges applicable from 1 May 2025 to 30 April [...]

Repeal of furnished holiday lets regime

From April 2025, holiday lets lose their special tax treatment. Landlords must prepare for new [...]

Less than a year before MTD for Income Tax starts

MTD for Income Tax kicks off in April 2026 for those earning over £50k. Digital [...]

Have you set up your Personal Tax Account yet?

Skip the phone queues. Your Personal Tax Account lets you manage everything from tax codes [...]

More in line for savings boost

From April 2025, more low-income workers on Universal Credit can join Help to Save. Save [...]

Statutory Redundancy rights

Redundant? You could receive up to £30,000 tax-free, whether it’s statutory pay or a better [...]

Tax relief for landlords replacing domestic items

Swapped an old fridge or carpet in your rental property? Landlords can claim tax relief [...]

Tax and employee suggestion schemes

Have you set up a suggestion scheme for ideas that could save or earn you [...]

Still time to repay private fuel costs and avoid tax charge

Use a company car for personal trips? Avoid a hefty tax charge by reimbursing your [...]

Understanding VAT Bad Debt Relief

Struggling with unpaid invoices? If you've paid VAT to HMRC but never received payment from [...]

Higher rate tax relief on pension contributions

Want to make the most of your pension savings? You could claim up to 45% [...]

£13.9bn of R&D funding

The UK government has announced a record-breaking £13.9 billion in research and development (R&D) funding [...]

UK Responds to New US Tariffs

The UK’s Business and Trade Secretary, Jonathan Reynolds, has set out the government's position following [...]

Tax Diary May/June 2025

1 May 2025 - Due date for corporation tax due for the year ended 30 [...]

Make the most of trivial benefit payments 2025-26

Small gifts can mean big tax savings! Use the trivial benefits exemption in 2025-26 to [...]

Checking your tax code for 2025-26

Do you know what your 2025-26 tax code means? It affects how much tax is [...]

Frozen tax allowances and fiscal drag

Tax thresholds frozen till 2028? That’s fiscal drag in action - more tax paid without [...]

Don’t forget to update your NMW and NLW wage rates

Minimum wage rates rose on 1 April 2025. NLW now £12.21, and big increases for [...]

Child Benefit increases April 2025

Child Benefit has risen for 2025-26: £26.05 for eldest, £17.25 for others. Claim continues to [...]

Managing gross profit returns

Gross profit is one of the clearest indicators of how well your business is performing. [...]

Dealing with supply line interruptions

Supply line interruptions can be a nightmare for any business. Whether it’s a delay in [...]

HMRC time to pay arrangements

If you're facing financial difficulties and owe tax, HMRC’s Time to Pay service may offer [...]

Business Asset Disposal Relief rates from April 2025

Business Asset Disposal Relief (BADR) provides a reduced Capital Gains Tax (CGT) rate on the [...]

Verifying identity at Companies House – From April 2025

New rules under the Economic Crime and Corporate Transparency Act mean identity checks will soon [...]