Employers looking to spread some seasonal cheer can do so in a tax-efficient manner by taking advantage of the exemptions for annual...

One of the key announcements in the Autumn 2024 Budget was the rise in employer’s National Insurance contributions from 6 April 2025....

The rapid technological advancements we're seeing are a double-edged sword for many business owners, presenting both great opportunities...

Many directors believe they have an absolute right to monies deposited in a company's bank accounts. However, payment cannot just be...

Landlords with furnished holiday lettings (FHLs) are living in uncertain times. At the time of the 2024 Spring Budget, it was announced...

For many people, there will come a time when it becomes sensible or necessary to sell the family home, either to downsize or because of a...

In most cases, a higher rate of stamp duty land tax (SDLT) applies to the purchase of second and subsequent residential properties in...

HMRC have revealed that every year lots of simple errors are made in tax returns in relation to capital gains tax which result in the...

Just because an employee receives a lump sum on leaving does not necessarily mean the payment is exempt from tax under the £30,000...

The fall in the dividend allowance in recent years may mean that you now need to pay tax on your dividend income for the first time. The...

Private residence relief is a valuable capital gains tax relief which means that a person does not have to pay capital gains tax on any...

Expenses will be incurred in running a property business. To ensure that tax is not paid unnecessarily, it is important that all...

The nil rate band is the amount that a person may leave free of inheritance tax. Each person has their own nil rate band, which for...

With interest rates falling, business growth should follow. While this is waiting to happen, companies continue to close. The latest...

For 2024/25 and later tax years, unless they elect otherwise, unincorporated businesses must prepare their accounts and calculate their...

Up to certain limits, it is possible to enjoy some savings income tax-free. The extent to which this is possible depends on the rate at...

A person who buys a new home from a property developer does not have to pay VAT on it as the sale is zero-rated. However, a person who...

It is often said that inheritance tax (IHT) is a voluntary tax, and one that can be avoided if you give away sufficient assets at least...

VAT can be confusing at the best of times, with the reverse charge being arguably one of the more complex applications. It does not help...

VAT-registered businesses who use invoice accounting generally account for VAT when invoices are issued and received. HMRC have recently...