HMRC’s Alternative Dispute Resolution (ADR) process was introduced over a decade ago, the intention being to provide an ‘alternative’ cost-effective method for dealing with disputes
Under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), sole traders and unincorporated landlords within its scope will be required to keep
Business Asset Disposal Relief (BADR) is a valuable relief which reduces the rate of capital gains tax payable on gains made on the disposal of
Under payrolling, employers deal with taxable benefits provided to employees through the payroll, treating the taxable amount of the benefit like additional salary and deducting
One of the key announcements in the Autumn 2024 Budget was the rise in employer’s National Insurance contributions from 6 April 2025. From that date,
Employers looking to spread some seasonal cheer can do so in a tax-efficient manner by taking advantage of the exemptions for annual parties and functions
Thinking about rebranding or updating your company’s identity? Here’s a quick guide to changing your company name in the UK. 1. Choose Your New Name
There are circumstances in which it may be desirable to sell some or all of a garden or the land attached to a residence separately
Under English property law, there are two ways in which property can be owned jointly – as joint tenants and as tenants in common. The
Nearly ten years ago in March 2015 the then-Chancellor George Osborne announced a government initiative setting out a vision for the ‘end of the tax
The UK Autumn Budget 2024 introduces several changes impacting taxpayers and businesses alike. Here’s a snapshot of the most significant updates to help you stay
While having more money in your bank account than is needed may seem ideal, for director shareholders of a company with surplus cash, it could
Entitlement to the full state pension depends on having sufficient qualifying years. Where a person reaches state pension age on or after 6 April 2016,
In personal and family companies, the lines between the company’s finances and the director’s finances may become blurred. A director may withdraw money from the
VAT registered businesses who use invoice accounting generally account for VAT when invoices are issued and received. HMRC have recently published new Guidelines for Compliance
If a VAT registered business has taxable income only (including zero-rated sales), it is entitled to full input tax recovery on its expenses, subject to
If you’re employed in the UK, you’ve probably heard of a P60, but what exactly is it, and why is it important for your financial
A person who is resident and domiciled in the UK is liable to UK tax on their worldwide income. Consequently, if they have overseas property
The current tax regime for furnished holiday lettings has a number of advantages, including the ability to deduct interest and finance costs in full when
Following the pandemic, flexible working hours are on the increase. This shift has provided employees with the legal right to request flexible working from the
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