Finance & Accounting>Tax Return
10 benefits of filing your 2024/25 tax return early
As the 2024/25 tax year has now come to an end, individuals who need to file a Self Assessment tax return for that year can
May 12, 2025
Companies House
How to Register with Companies House in the UK: A Step-by-Step Guide
Starting your own company in the UK? One of the first steps is registering with Companies House the UK’s official company register. Whether you’re setting
May 11, 2025
Taxable expenses and benefits
Reporting 2024/25 benefits and expenses
Employers who provided taxable benefits and expenses to employees in the 2024/25 tax year need to meet compliance obligations in respect of those benefits. The
May 8, 2025
Mortgage Interest Relief
Mortgage Interest Relief in the UK: What Landlords Need to Know
If you rent out residential property in the UK, it’s important to understand how mortgage interest is treated for tax purposes, especially since key changes
May 6, 2025
Payroll
New thresholds for off-payroll working
The off-payroll working rules apply where a worker provides their services to a medium or large private sector company or to a public sector body
May 5, 2025
VAT De-Register
How to De-register for VAT in the UK: A Simple Guide
If your business is no longer required to be VAT-registered, or if you’re winding things down, you might consider cancelling your VAT registration with HMRC.
May 4, 2025
Finance & Accounting>Company Car
Claiming mileage relief
Employees may pay for the fuel that they use for business journeys undertaken in their own car or in a company car. Often, an employer
May 3, 2025
April Tax Hike
Smart Ways to Beat the April Tax Hike in the UK?
Every new tax year brings changes and from April, many UK taxpayers may see a larger slice of their income going to HMRC. But with
April 30, 2025
Double Cab Pickup
Double Cab Pickup Tax Shake-Up from 6 April 2025?
From 6 April 2025, HMRC is changing the way Double Cab Pickup trucks (DCPUs) are treated for tax purposes in the UK. These updates will
April 29, 2025
Limited Company Pay for Health Insurance
Can a Limited Company Pay for Health Insurance in the UK?
If you run a limited company, you may be wondering whether your business can cover the cost of private health insurance for you or your
April 25, 2025
SA302 And Tax Year Overview
Step By Step Guide To Download Your SA302 And Tax Year Overview For Mortgage Purposes
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
April 23, 2025
Tax Implications
Investing in woodlands Tax implications of an unusual type of investment
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
April 12, 2025
Making Tax Digital
MTD – A time to incorporate?
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
April 11, 2025
Finance & Accounting>Furnished Holiday Letting
Relief for FHL losses post April 2025
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
April 10, 2025
Business Entertainment
Business entertainment usually not allowable but when can you claim?
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
April 10, 2025
ATED Returns
ATED returns for 2025/26
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
April 8, 2025
Making Tax Digital
Looking ahead to MTD for landlords
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
April 7, 2025
Taxable expenses and benefits
Reporting 2024/25 taxable expenses and benefits
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
April 6, 2025
Finance & Accounting>Company Car
Taxation of company cars in 2025/26 and beyond
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
April 5, 2025
Official rate of interest
Official rate of interest
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
April 4, 2025