Staff Christmas Party Tax Rules: Are Christmas Party Expenses Tax Deductible?
As an employer providing staff Christmas party for your employees, you have certain National Insurance & reporting obligations. Read all the details here!
Basis Period Reform – What Are the New Rules?
The overall objective of the basis period reform proposal is to simplify the taxation of trading profits. Click through to learn about the new rules!
Letter From HMRC About Cryptocurrency – What Should I Do?
Read this article for the most frequently asked questions about cryptocurrency and what should you do if you receive a letter from HMRC about it!
Autumn Budget 2021: Key Points at a Glance
Autumn Budget 2021 was presented to the parliament on 27 October 2021 and here are the key points from Chancellor Rishi Sunak’s budget speech.
Dividend Tax Increase from April 2022 Across All Tax Bands
The 1.25% Dividend tax increase applies to all business owners and investors and is being brought in to help support the NHS and social care.
How to Use a Freeport Customs Site / Free Zone
If you’re a business that wants to move goods into or out of a Freeport, you will need to apply to use the Freeport customs special procedure. Click through to learn more.
New Trade Rules with the EU from 1 January 2022
New trade rules for full customs declarations and controls are going to be introduced from 1 January 2022. Click through to learn more!
How to Reduce Inheritance Tax (IHT) by Withdrawing Money from Your House
One of the most frequently asked questions by our clients these days is how to reduce Inheritance Tax (IHT)? In this article, we will aim to shed some light on how to reduce Inheritance tax […]
VAT Rate Increase from 1 October 2021
VAT rate increase from 1 October 2021 applies to hospitality businesses and the VAT rate is schedule to increase from 5% to 12.5%. The rate was reduced to 5% on 15 July 2020 as part […]
Can you Recover VAT on Company Car? Your Questions Answered
Can you recover the VAT on the company car? This is a question that has been asked multiple times by employers providing their employees with a car.
Health & Social Care Levy: 1.25% Tax Increase to Cover Social Care Costs
1.25% tax increase to cover social care costs has been announced for all taxpayers under government plans to fund a health and social care levy. Health and Social Care Levy on Earned Income From April […]
Tax-Free Childcare Scheme: Who Qualifies & How Does It Work
HMRC has issued a reminder to families that are eligible for tax-free childcare that they can use the scheme to help with their childcare costs.
MTD for ITSA FAQs
MTD for Income Tax is a service that enables businesses and landlords to keep their records digitally and submit information about their business income to HMRC using MTD-compatible software.
Residential Property Developers Tax (RPDT) – April 2022
The government has given less than a year’s notice of a new tax it proposes to levy on profits made from residential property development from 1 April 2022.
MTD ITSA: Making Tax Digital for Income Tax Starts in April 2024
MTD for income tax will be effective from 6 April 2024 for all sole traders, landlords etc. irrespective of when their current accounting period ends with MTD for general partnerships postponed to 2025.