Umbrella Company
Spotting signs of umbrella company fraud
An umbrella company is a business which may be used by a recruitment agency to pay temporary workers. However, many umbrella companies are not tax
October 9, 2025
Finance & Accounting>Company SIC Code
How to Easily Change Your SIC Code on Companies House
If your business activities have changed since you first registered your company, it’s important to update your SIC code with Companies House. This guide explains
October 8, 2025
HMRC Simple Assessment
Time to Pay for Simple Assessment
A Simple Assessment is used for taxpayers with very straightforward tax affairs. A taxpayer may receive a Simple Assessment letter from HMRC if they owe
October 6, 2025
Finance & Accounting>VAT Registration
Effective date of VAT registration
Businesses must register for VAT when their turnover exceeds the registration threshold (currently £90,000). This must be done if, at the end of any month,
October 5, 2025
Online Marketplace Vat Rules
UK Online Marketplace VAT Rules for 2025 What Sellers & Platforms Must Know
The rules governing VAT (Value Added Tax) in the UK especially when it comes to online marketplaces have evolved substantially in recent years, and 2025
October 4, 2025
Pension contributions
New evidence requirements for personal pension relief
Individuals who claim higher or additional rate relief for personal pension contributions through their tax code may now need to provide evidence in support of
October 3, 2025
Companies House
Companies House Verification in the UK: What Businesses Need to Know
When you start or manage a company in the UK, one of the key regulators you’ll deal with is Companies House the official registrar of
September 20, 2025
sa109 form
Living Abroad or Moving to the UK? Here’s Why SA109 Matters?
What is an SA109 Form in the UK? When completing a UK Self Assessment tax return, most individuals are familiar with the standard SA100 form.
September 16, 2025
Employment Allowance Eligibility
Employment Allowance Eligibility in the UK: A Complete Guide for Employers
The Employment Allowance (EA) is a valuable relief for UK businesses, helping reduce the cost of employer National Insurance (NI) contributions. But not every business
September 14, 2025
HMRC's debt collection
The powers of HMRC’s debt collection department
HM Treasury’s recent ‘Policy Costing Document’ published to accompany 2024 Autumn Budget contained two sentences which appear to have gone d by many financial commentators, being
September 13, 2025
VAT Reclaim
VAT reclaim When things don’t go to plan
Even the best laid plans are liable to change. The ‘payback and clawback rules’ for VAT reflect this reality. These rules only relate to input
September 12, 2025
Finance & Accounting>Director’s Loan Accounts
Directors’loan accounts – The 30-day rule
Interest rates are coming down, but HMRC’s official rate of interest (ORI) for employee loans has increased to 3.75% per annum (6 April 2025) and,
September 11, 2025
Tax code
Checking your tax code
The tax code is fundamental to the operation of PAYE. An employee’s tax code provides the employer with the information needed to deduct the correct
September 9, 2025
State Pension Purposes
Paying sufficient salary to get a qualifying year for state pension purposes
There are various ways in which profits can be extracted from a personal or family company. A popular and tax-efficient extraction strategy is to pay
September 8, 2025
VAT Invoice
Information that must be included on a VAT invoice
A VAT invoice is an invoice that contains information required by the VAT regulations. A VAT invoice can only be issued by a business which
September 7, 2025
40% Tax Bracket
At What Point Do You Pay 40% Tax in the UK?
The UK tax system works on a progressive basis, meaning the more you earn, the higher the percentage of tax you pay. Many people wonder:
September 6, 2025
Class 2 National Insurance contributions
Class 2 National Insurance contributions charged in error
The liability for self-employed earners to pay Class 2 National Insurance contributions was abolished with effect from 6 April 2024. Now Class 2 National Insurance
September 4, 2025
Pension Benefits
IHT charge on unused pension benefits
From 6 April 2027, inheritance tax will be payable where someone’s estate at death includes unused pension funds or death benefits. The measure was announced
September 3, 2025
Accounting for Gift Cards
How to Do Accounting for Gift Cards in the UK?
Gift cards have become a popular way for businesses to attract and retain customers. Whether you run a retail store, a café, or an online
September 2, 2025
VAT
Credit notes or VAT bad debt relief claim – which?
Bad debts pose a significant challenge for every business. Staying on top of non-payments is essential for maintaining a healthy cash flow and ensuring the
August 22, 2025