HMRC PAYE Payments
HMRC PAYE Payments: A Complete Guide for UK Employers
If you employ staff in the UK, you must understand your responsibilities under the PAYE (Pay As You Earn) system. This guide breaks down what
July 4, 2025
Personal company
Making a loan from a personal company to a family member
There are many possible situations in which a person may make a loan to a family member, for example, a parent may lend money to
July 3, 2025
Finance & Accounting>VAT Registration
The benefits or otherwise of voluntary VAT registration
Many businesses strive to keep their turnover under the VAT registration limit (currently £90,000) because not only are they wary of the additional administrative costs
June 29, 2025
National Insurance
Calculating a director’s National Insurance contributions
For most employees, National Insurance contributions (NIC) earnings periods are calculated based on their regular pay intervals. In contrast, all directors have an annual earnings
June 24, 2025
Making Tax Digital
Making Tax Digital is Coming Here’s How to Get Prepared
The way self-employed individuals and landlords manage their taxes is changing. HMRC’s Making Tax Digital (MTD) initiative is at the heart of this transformation—bringing in
June 23, 2025
HMRC
Is it worth making a formal complaint about HMRC? The role of the Adjudicator’s Office
For many of HMRC’s ‘customers’ who have spent more than 30 minutes trying to get through on the phone, the thought of making a formal
June 22, 2025
Property Business
UK and overseas property businesses
Profits arising from land or property are treated as arising from a property business. For tax purposes, profits from land and property in the UK
June 21, 2025
Finance & Accounting>Furnished Holiday Letting
Jointly owned holiday lets – Should you make a Form 17 election?
The favourable tax regime for furnished holiday lettings (FHLs) came to an end on 5 April 2025. For 2025/26 and later tax years, furnished holiday
June 20, 2025
Property Income
Enjoy £1,000 of property income tax-free
The property allowance enables individuals to enjoy property income of up to £1,000 each tax year free of tax and without the need to report
June 19, 2025
Non Resident Landlord Scheme
How the Non-Resident Landlord Scheme Works in the UK
If you’re a landlord living abroad and renting out property in the UK, the Non-Resident Landlord (NRL) Scheme is something you must be aware of.
June 18, 2025
Tax Free Health And Welfare Benefits
Five tax-free health and welfare benefits
Employers are able to provide employees with a range of health and welfare benefits without giving rise to a tax charge under the benefits in
June 17, 2025
Trading Allowance
How the Trading Allowance Works for UK Side Hustles
If you earn a bit of extra income on the side, from freelancing, selling crafts online, or tutoring, you may be able to benefit from
June 14, 2025
Finance & Accounting>National Insurance
Should you pay voluntary Class 2 National Insurance?
Self-employed earners whose earnings exceed the lower profits limit (set at £12,570 for 2025/26) must pay Class 4 National Insurance contributions on their profits. These
June 11, 2025
Savings Income
Taxation of savings income in 2025/26
There are various ways to enjoy savings income without paying tax on it. In addition to the personal allowance, basic and higher rate taxpayers benefit
June 9, 2025
Finance & Accounting>Director’s Loan Accounts
Directors’ Loan Accounts Explained: Rules, Risks & Tax
As the director of a limited company, it’s common to use personal funds for business needs or even borrow money from the business for personal
June 8, 2025
Relief for additional expenses
Relief for additional expenses of working from home
In a post on X, HMRC recently warned taxpayers ‘not to get caught out by ads promising quick refunds for working from home’, urging taxpayers
June 7, 2025
Foreign Income and Gains
Important Tax Changes for Non-Domiciled Individuals – From 6 April 2025
The UK government is making big changes to how foreign income and gains are taxed. These changes mainly affect people who were previously classed as
June 6, 2025
Inherited Property
Selling an Inherited Property? Here’s How to Minimise Your CGT
Inheriting a property in the UK can be both a financial gain and a tax challenge. While you won’t immediately owe tax upon inheritance, Capital
June 4, 2025
Finance & Accounting>Employment Allowance
Employ a worker on a small salary to access the employment allowance
Employer’s National Insurance rose considerably from 6 April 2025. Not only did the rate increase from 13.8% to 15%, but the secondary threshold also fell
June 2, 2025
post cessation expenses
Post-cessation expenses – When and how are they allowable?
Sometimes a business may have ceased trading but then receives income that has not been included in the final cessation accounts, e.g. an insurance payment
May 27, 2025