News – Tide Accounting

Car and van fuel benefit charges from 6 April 2025

The vehicle benefit charges for 2024-25 were announced at Autumn Budget 2024. The government will [...]

What is a discretionary trust?

A trust is an obligation that binds a trustee, an individual or a company, to [...]

Close company anti-avoidance measure

As part of the Autumn 2024 Budget measures, the government introduced new anti-avoidance provisions to [...]

Changes to rates of tax on carried interest

The 18% and 28% Capital Gains Tax (CGT) rates currently applied to carried interest gains [...]

Applying for business start-up loans

Securing funding for a new startup is one of the most critical steps in ensuring [...]

Making Tax Digital – the next step

The mandatory rollout of Making Tax Digital (MTD) for Income Tax is set to begin [...]

What is an acceptable pensions income?

Determining an acceptable level of pension income for retirement depends on individual circumstances, including lifestyle [...]

Subscription scams

New proposals to crack down on subscription traps, have been unveiled by the Department for [...]

An overview of salary sacrifice arrangements

A salary sacrifice arrangement involves an agreement by an employee to lower their cash salary [...]

Tax changes for Furnished Holiday Lets property owners

The current tax benefits for the letting of properties as short-term holiday lets (known as [...]

Limits on Income Tax reliefs

The limit on Income Tax reliefs has applied since 6 April 2013. This measure was [...]

How to claim a tax refund

If you believe you have overpaid tax to HMRC, you can typically claim a tax [...]

HMRC promotes its app

HMRC has been busy promoting the benefits of using its app. A new advertising campaign [...]

EV or diesel – for and against

When evaluating the annual running costs of electric vehicles (EVs) compared to diesel cars, several [...]

Bank of England eases base rate to 4.75%

The Bank of England's recent decision to reduce the base rate to 4.75% brings several [...]

Tax Diary December 2024/January 2025

1 December 2024 - Due date for Corporation Tax payable for the year ended 28 [...]

Changes to HICBC

It was announced as part of the Autumn Budget measures that the government will not [...]

Help to Save scheme extended

As part of the recent Budget measures, it has been confirmed that the Help to [...]

Changes to Agricultural and Business Property Relief

It was announced as part of the Budget measures that the government will reform these [...]

Taxation of double cab pick-ups

The tax treatment of double cab pick-up vehicles (DCPUs) has been clarified as part of [...]

Payrolling of benefits in kind

At Autumn Budget 2024, the government confirmed that it will go ahead with a simplification [...]

Budget confirms change in non-dom tax status

It was confirmed as part of the Autumn Budget measures that changes announced by the [...]

R&D receives a welcome boost in the Budget

As part of the October Budget the Chancellor announced the highest ever level of government [...]

Keeping an eye on competitors

Keeping an eye on competitors offers crucial advantages, especially in a dynamic market. Here’s why [...]

Autumn Budget 2024 – Inheritance Tax changes

A number of changes to Inheritance Tax (IHT) were announced as part of the Budget [...]

Autumn Budget 2024 – Capital Gains Tax

In the Budget it was announced that the rates of Capital Gains Tax (CGT) are [...]

Autumn Budget 2024 – Minimum Wage increases

The Chancellor of the Exchequer, Rachel Reeves announced significant increases to the Minimum Wage rates [...]

Is Income Tax morphing into a stealth tax?

It is rumoured that the Chancellor will delay any increase in the Income Tax higher [...]

Crackdown on insurance fraud

Insurance companies have united to step up efforts to crack down on fraudsters seeking to [...]

Due date for paper self-assessment tax return

A final reminder that the 2023-24 tax return deadline for taxpayers who continue to submit [...]

Changing your tax return

If you have submitted a self-assessment return and later realise you need to make changes, [...]

VAT recovery from car leasing payments

The VAT treatment of motor expenses is an important concern for any business that incurs [...]

Take goods with you to sell abroad

There are specific customs requirements for commercial goods that you take with you to sell [...]

Changing a company’s year end date

There are specific rules that restrict changing a company’s year-end date, also known as the [...]

HMRC shares 5 common reasons for helpline calls

There are a little over three months remaining to file your self-assessment tax return online [...]

Recent speculation on forthcoming Budget

There is unlikely to be much to celebrate when Rachel Reeves delivers her first Budget [...]

Managing business cashflow

Cash Flow Forecasting Creating a cash flow forecast helps you predict your inflows and outflows, [...]

Pension fund withdrawal options

Most personal pensions set a minimum age at which you can start withdrawing money, typically [...]

Who qualifies for Tax-Free Childcare?

The Tax-Free Childcare (TFC) scheme helps working families manage childcare costs by providing support through [...]

Payments on account for self-assessment

Self-assessment taxpayers typically need to pay their Income Tax liabilities in three instalments each year. [...]