Latest Blog Posts

1 August 2024 – Due date for corporation tax due for the year ended 31 October 2023. 19 August 2024 – PAYE and NIC deductions

Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is

It is important that anyone responsible for the accounts and tax filing regime for private limited companies is aware of their obligations. After the end

The weekly child benefit rates for the only or eldest child in a family is currently £25.60 and the rate for all other children is

Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership.

According to the competition and Markets Authority, certain UK banks are not meeting their obligations to keep customers informed about their products and services. HSBC,

According to the pundits, there are a number of issues that the new government will have to tackle if it wants to increase government revenues

Trader recommendation sites are websites and apps often used by people to find and connect to traders from a wide range of specialisms, such as

On her first visit as Secretary of State, with the rest of the Ministerial team, Liz Kendall MP will confirm the three pillars of the

At some point between now and the end of 2024, Rachel Reeves will step up to the despatch box and deliver her first Autumn Statement.

The Government Actuaries Department has declared it is using artificial intelligence to help government departments process consultation responses. In a recent news story, they said:

Class 1A NICs for 2023-24 are payable if you have provided employees with taxable benefits for that year. You are also required to pay them

The Valuation Office Agency (VOA) has issued the following warning to business rate payers who may have been approached by agencies with false claims about

1 July 2024 – Due date for corporation tax due for the year ended 30 September 2023. 6 July 2024 – Complete and submit forms

The 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year started on 6 April 2024. Most taxpayers will be happy

Where an error on a past VAT return is uncovered businesses have a duty to correct the error as soon as possible. As a general

If you are self-employed it is important to know if an expense is tax allowable. Any allowable costs can be used to reduce your taxable

The enhanced Check Your State Pension forecast service is now available online. The service can be found on GOV.UK at the following webpage https://www.gov.uk/check-state-pension. The

You can receive up to £500 every 3 months (up to £2,000 a year) for each of your children to help with the costs of

If a customer complains that an item you sold them is faulty, is not as described or does not do what it is supposed to

Our new government will be in place by the 4th of July 2024, two days old on the 6th of July, unless there is an

The Digital Markets, Competition and Consumers Act has become law after receiving Royal Assent. The Act paves the way to give consumers rights across the

According to HMRC, you would normally have to pay Capital Gains Tax (CGT) on any gain you make if you dispose of: a dwelling house

The full details of which organisations are required to report on gender pay gap data are published by the Government Equalities Office. The latest statutory

The new Economic Crime and Corporate Transparency Act mandates that small companies and micro-entities will have to file at Companies House accounts, that for the

If you provide free accommodation to employees the deemed benefit is taxable, and you will have to pay Class 1A NIC based on the value

The Digital Markets, Competition and Consumers Act has become law after receiving Royal Assent. The Act paves the way to give consumers rights across the

Usury is defined as the practice of making loans that are unfairly enriching the lender. And we must take comfort that most lenders in the

1 June 2024 – Due date for corporation tax due for the year ended 31 August 2023. 19 June 2024 – PAYE and NIC deductions

There have been a number of significant changes in Companies House fees. These changes took effect on 1 May 2024. The last significant change in

An overseas company must register with Companies House if they want to set up a place of business in the UK. This would mean that

HMRC is currently sending the annual tax credit renewal packs to the 730,000 tax credit claimants and is encouraging recipients to renew their tax credits

Millions of UK workers will take home an estimated £200 million more of their hard-earned cash, as employers are banned from withholding tips under the

In a recent email Companies House warned company owners to ignore a letter purporting to be from Companies House. Basically, the letter claims you need

Most small companies are set up with a number of Ordinary shares, let’s say a 100 shares in this example. If there are two equal

In the latest of new legislative changes that have granted Companies House new powers, the Registrar has turned it’s attention to the registration of company

Recent legislation changes have been made which affects how the Court Funds Office (CFO) holds dormant funds. From 1 June 2024 any account that has

Trivial benefits are small gifts or perks given to employees that are exempt from tax and benefit reporting obligations. But bosses must adhere to certain

Death and taxes are certainties of life, according to Benjamin Franklin, and if you are in business, you should be aware which taxes you are

It will not have escaped your attention that Prime Minister Sunak will need to call a general election at sometime during 2024. The very latest

As we have reported previously, one of the key aims of the Economic Crime and Corporate Transparency Act is to improve the accuracy and quality

Employers can register on a voluntary basis (before the start of the tax year) to report and account for tax on certain benefits and expenses

1 May 2024 – Due date for corporation tax due for the year ended 30 July 2023. 19 May 2024 – PAYE and NIC deductions

You can usually claim tax relief on private pension contributions worth up to 100% of your annual earnings, subject to the overriding limits. Tax relief

HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The latest version

Employers can register on a voluntary basis (before the start of the tax year) to report and account for tax on certain benefits and expenses

HMRC’s Childcare Account can be used to claim free childcare (if eligible) or pay for Tax-Free Childcare. HMRC’s sign in page for the account states

The Treasury have issued details of a new VAT relief that is aimed at boosting the value of items donated to charities. It will consult