News – Tide Accounting

How donations to charity can provide tax relief

Gift Aid transforms charitable donations by allowing charities and CASCs to claim 25p extra for [...]

Designating a property as your main residence

Owning more than one property? You can claim Capital Gains Tax (CGT) relief on just [...]

Beware false business rates warnings

The 2023 Revaluation updates business property rateable values, based on April 2021 valuations. While challenges [...]

Claiming VAT on pre-registration purchases

Businesses can reclaim VAT on pre-registration expenses if they relate to taxable supplies made after [...]

Dealing with company unpaid debts

Unpaid debts can put a limited company at risk of a winding-up petition, potentially leading [...]

Rolling over capital gains

Business Asset Rollover Relief allows you to defer Capital Gains Tax (CGT) when reinvesting proceeds [...]

Investing in new equipment for your business?

Making a significant investment in new equipment can be a transformative step for a business, [...]

Debt Management Plan

Navigating financial challenges can be daunting, but understanding the tools available can make a significant [...]

Tax return for deceased person

Inheritance Tax (IHT) impacts estates over £325,000, with rates of 40% on death and 20% [...]

Payrolling employee benefits

Employers can voluntarily register to report and account for tax on certain benefits and expenses [...]

Tax-exempt employee loans

Beneficial loans, where employees benefit from cheap or interest-free loans from their employer, can trigger [...]

Online information about a company

A significant amount of online information about companies is available to the public on the [...]

Selling online and paying tax

Selling online? Whether it’s a hobby or a business, you may need to pay tax [...]

Penalties for late filing of tax returns

HMRC reports over 63,000 taxpayers filed their returns over the New Year, but 5.4 million [...]

Roll-out of new digital markets regime

The UK's Competition and Markets Authority (CMA) has initiated its new digital markets competition regime, [...]

Ticket touts’ days are numbered

The UK government has unveiled a series of proposals aimed at curbing exploitative practices in [...]

What to Expect from the Chancellor’s Spring Statement 2025

The Chancellor’s Spring Statement, scheduled for 26 March 2025, is expected to focus on navigating [...]

Perseverance is the key to sales success

The average number of touchpoints needed to secure a sale, or appointment generally falls between [...]

Is your trade in goods or services a business

Selling goods or services? It’s vital to know if HMRC considers this a business. From [...]

Tax relief for zero emission cars and electric charge points

Great news for businesses! Tax relief on zero-emission cars and EV charge points has been [...]

Future increases in CGT on sale of a business

Planning to sell your business or shares? Capital Gains Tax rates for Business Asset Disposal [...]

What expenses can be claimed against rental income

Are you a landlord? Maximise your rental income by knowing which expenses you can claim [...]

Last month to file 2023-24 tax return

The 31 January 2025 deadline for self-assessment tax returns is fast approaching. Avoid penalties and [...]

The UK economic outlook for 2025

The economic outlook for the UK in 2025 presents a mixed picture, with expectations of [...]

WASPI claims – apology but no compensation

The UK government has recently addressed the Parliamentary and Health Service Ombudsman's (PHSO) report concerning [...]

Making Tax Digital for Income Tax volunteers

From April 2026, Making Tax Digital for Income Tax (MTD for ITSA) will transform tax [...]

Inheritance Tax thresholds and the RNRB

Inheritance Tax nil-rate bands remain frozen until April 2030. Learn how this affects estates, the [...]

Using the car fuel rates

Advisory fuel rates for company cars help employers and employees manage fuel costs without triggering [...]

Advising HMRC of employees’ company car details

Ensure compliance with HMRC rules when providing company cars. From P46(Car) submissions to benefit reporting, [...]

Capital Gains Tax – the new rates

Capital Gains Tax rates have increased for disposals from 30 October 2024, with further changes [...]

Cash-basis default position for self-employed

The cash basis is now the default for self-employed income reporting. Learn about the key [...]

Tax Diary February/March 2025

1 February 2025 - Due date for Corporation Tax payable for the year ended 30 [...]

VAT Reverse Charge in Construction: What You Need to Know

Navigating VAT in the construction industry can feel like untangling scaffolding. Enter the VAT reverse [...]

The Substantial Shareholdings Exemption

For companies selling shares, the Substantial Shareholdings Exemption (SSE) can mean significant tax relief. Introduced [...]

When can you recover VAT on a car purchase

Reclaiming VAT on company cars isn’t as simple as it sounds. Generally, businesses can’t recover [...]

New online tax tools for the self-employed

Navigating tax obligations can be daunting for small business owners and sole traders. To make [...]

Spreading tax payments by using Time to Pay

Can’t pay your tax bill in full by 31 January 2025? HMRC’s online Time to [...]

Claiming Child Benefits online

Over one million parents have now claimed Child Benefit online or via the HMRC app, [...]

Why Protecting Intellectual Property is Important

Intellectual property (IP) refers to creations of the mind, such as inventions, literary works, designs, [...]

Government Forces Water Companies to Double Compensation

The UK government has announced significant reforms to enhance compensation for customers affected by water [...]