If you’re self-employed or submit a Self Assessment tax return, you may be asked for your SA302 and Tax Year Overview especially when applying for
Drive along a country road and you may come across signs advertising ‘Woodlands for sale’. Such signs invite investment in commercial woodlands which can come
After years of deferral, the long-anticipated Making Tax Digital (MTD) for Income Tax start date has finally been confirmed. This is a significant development that
From 6 April 2025 onwards, furnished holiday lettings are treated for tax purposes in the same way as other residential lets, and residential lets and
HMRC’s rules state that expenditure on business entertainment or gifts cannot be claimed as a deduction against profits (and therefore also non-VAT deductible), even if
The annual tax on enveloped dwellings (ATED) is a tax that is payable mostly by non-natural persons (mostly companies) owning UK residential property valued at
The way that many landlords will report details of their income and expenses to HMRC is changing from April 2026 onwards. This is when Making
If as an employer you provided employees with taxable expenses and benefits in the 2024/25 tax year, you will need to ensure that you meet
Employees with a company car available for their private use pay tax on the benefit. The amount that is charged to tax is a percentage
The official rate of interest is a rate set by HMRC which is used to calculate the benefit in kind tax charge on cheap employment-related
Putting money into a registered pension scheme can be tax efficient. Individuals can make contributions in their own right, or even for someone else, and
Last October Chancellor Rachel Reeves announced somefar-reaching National Insurance changes which will affect employers from April 2025. She also confirmed the rates applying to employees
If you’re currently operating as a sole trader in the UK, you might be considering whether changing to a limited company is the right move.
Many UK savers may not realise that interest earned on savings accounts could be taxable. With HMRC increasing its focus on unreported savings interest, it’s
When it comes to managing your finances, finding the best accountant can make all the difference. Whether you’re a small business owner, a freelancer, or
Your National Insurance (NI) number is a unique identifier used by HMRC to track your tax and contributions. If you’ve misplaced it, don’t worry—you can
Family Allowance, officially known as Child Benefit, is a payment from the UK government to help parents or guardians with the cost of raising children.
Most individuals are entitled to receive a personal allowance. This is the amount that they are able to earn before they pay tax. For 2024/25,
For unincorporated businesses, from 6 April 2024 onwards the cash basis is the default basis of accounts preparation. Unlike the accruals basis under which income
Employees who incur expenses in undertaking their job may be able to claim tax relief for those expenses where they are not reimbursed by their
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