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Maximising VAT savings for FRS

On advice from your bookkeeper you're about to sign up for the VAT flat rate scheme. The trouble is you might be classed as a "limited cost trader" which will m

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Could you be taxed on a gift?

If as an IHT planning move one of your parents makes a gift to you to reduce their estate and dies a few years later, who's liable to pay any IHT?

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Scottish Budget confirms bands and rates for 2025/26

Ahead of the Scottish Budget, there were rumours that tax hikes were on the way. However, the announcements made on the day will see some easing of tax for lowe

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Overlap relief calculator launched

An interactive tool has been launched to help taxpayers calculate the overlap relief to report on their 2023/24 self-assessment tax returns.

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Tax pros and cons of business mobiles

Can you claim for a new business phone contract and its tax benefits?

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Latest advisory fuel rates for company cars

The amount that employees can be reimbursed for business travel in company cars changes from 1 December 2024. What are the new rates?

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Have you paid enough tax on property profits?

HMRC is writing to individuals it suspects may not have paid enough tax on profits from real estate. What should you do if you receive a letter?

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Tighter rules for company loans

The recent Budget announced a new rule affecting loans and other advances made by companies to their shareholders.

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MTD ITSA guidance updated following Budget

The Budget contained announcements regarding the rollout of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA). What's the latest updated position?

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How to increase the tax saving when splitting business profits

Reduce tax by sharing ownership with your spouse and learn an extra tactic!

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The Chancellor's hidden Budget

The Budget included headline-grabbing tax changes but others were buried in the fine print. What were they and how might they affect you?

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How can you secure gross payment status?

You are a subcontractor in the building trade. What do you need to do to have your invoices paid with no tax deducted and is it worthwhile?

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HMRC to reduce late payment interest

Late payment interest rates on underpaid taxes will decrease again due to the recent reduction in the Bank of England's base rate. What are the new charges?

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Freelance work - the travel expenses tax trap for contractors

Off-payroll rules deduct tax & NI on fees and travel - Is this right?

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When is a company car not taxable?

Your partnership provides each partner with a car that they use for their work and a company that's connected to it. Is the car a taxable perk?

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Budget at a Glance

Yesterday we had the first Labour budget since 2010. What are the key takeaways?

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When is an option to tax advantageous?

Tenant suggests VAT on mixed-use lease - could it benefit both?

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MRC launches MTD ITSA toolkit

HMRC has launched a new online tool to help taxpayers determine whether they need to use Making Tax Digital for Income Tax Self-Assessment (MTD ITSA).

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Tax relief for loss-making companies

Your business has made losses in the last few financial years. What tax relief, if any, can be claimed to mitigate the losses?

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On your (e)bike - cycle to work scheme

Are ebikes covered by the cycle to work scheme and what are the tax and NI consequences?

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