Do we need to register for VAT?
If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches the VAT registration threshold. The VAT registration threshold
If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches the VAT registration threshold. The VAT registration threshold
There are various reasons why HMRC may issue a tax penalty. You may receive a penalty if you file your tax return late, your tax
Although the tax system contains an exemption for employer-provided eye tests and the glasses or contact lenses for display screen use, its availability is dependent
HMRC have sent out nudge ‘One to Many’ letters to taxpayers who they believe may have claimed Business Asset Disposal Relief (BADR) in excess of
If you have employees who use either their own car or a company car for business mileage, you can pay mileage allowances tax-free up to
There are two different ways in which accounts can be prepared – the cash basis and the accruals basis. The cash basis is the default
If you let out a property, you can deduct the business expenses that you incur when working out your taxable rental profit. The rules governing
Private residence relief means that you do not have to pay capital gains tax on any gain that you make when your sell your home
The typical situation where ‘opt to tax’ could be used is where a commercial property is purchased for renting. As a new commercial property, VAT
If an employer pays less than these rates, the employee can claim tax relief for the unused balance. Where an employer pays less than these
With four days’ notice, a trial to redirect Self Assessment (SA) queries from HMRC’s phone helpline to its digital services started on 12 June, running
For stamp duty land tax (SDLT) purposes, a property may be a residential property, a non-residential property or a mixed-use property. The classification is important
Furnished holiday lettings (FHLs) have a number of tax advantages over residential lets. These advantages include the opportunity to benefit from a number of capital
If you own a large plot of land that you no longer require but you don’t want to move home, you may consider selling some
Even if you pay all your tax through PAYE, you may still need to complete a Self-Assessment tax return if you are a high earner.
The tax system contains a number of exemptions, some of which are more useful than others. One of the more valuable exemptions is that for
Employers looking to take on new staff may wish to consider employing two or more part-time workers rather than one full-time worker. This can save
The Employment (Allocation of Tips) Act 2023 sets out a new legal framework for the fair allocation of tips. A new Code of Practice is
The number of businesses closing down is steadily increasing. Many of those businesses will have staff, therefore the legal and tax position of any termination
When setting up in business, most people weigh up the pros and cons of operating as an unincorporated business or a limited company. However, there
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