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
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
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
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.
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
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
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
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,
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
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
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
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:
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
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
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
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
Dividends can only be declared out of a company’s available undistributed profits and even if the bank account is in credit as at the date
From 6 April 2025, furnished holiday lets are treated in the same way as other lets for tax purposes. Landlords letting both holiday accommodation and
Although the end of the tax regime for furnished holiday lettings relieved landlords of the need to keep track of the number of days for
There is a demand for garage space, particularly from tradespeople who want somewhere to store their tools safely rather than leaving them in their van
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