The High-Income Child Benefit Charge (HICBC) is a tax charge that claws back child benefit where...
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8 Feb 2024
Voluntary disclosure
Voluntary disclosure involves individuals or businesses coming forward to inform HMRC of any errors...
6 Feb 2024
Tax and Influencers
Earlier this year, HMRC sent ‘nudge’ letters to social influencers who they suspect may not have...
18 Jan 2024
Relief for post-cessation expenses
The end of a business will not necessarily mean that no further expenses are incurred. Where...
9 Jan 2024
The implications of late VAT registration
VAT registration is compulsory for any UK established persons who are in business and make or...
If you have a company that is dormant and you have filed your company tax return showing that no...
The tax legislation contains a number of exemptions which allow benefits in kind to be provided to...
31 Oct 2023
Self-serve Time to Pay for VAT
For some time, taxpayers within Self Assessment have been able to set up a Time to Pay arrangement...
26 Oct 2023
Claiming overlap relief
If you are self-employed, the way in which your profits are taxed is changing. As a result of this,...
19 Oct 2023
10 deductible expenses
If you let out a property, you can deduct the business expenses that you incur when working out...
17 Oct 2023
Do we need to register the business for VAT?
If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches...
13 Oct 2023
Should I file my tax return early?
If you need to file a Self Assessment tax return for 2022/23, you have until midnight on 31 January...
3 Oct 2023
How to appeal a tax penalty
There are various reasons why HMRC may issue a tax penalty. You may receive a penalty if you file...
27 Jun 2023
Beware the new VAT late submission penalties
A new penalty regime was introduced for VAT from 1 January 2023. The new regime comprises late...
The Covid-19 pandemic forced large numbers of employees to work from home for the first time....
Unincorporated businesses and companies planning capital expenditure projects need to be aware of...
Class 2 NICs are flat-rate contributions payable by the self-employed, currently charged at a rate...
Tax payments for the self-employed or those who declare their income under self-assessment are...
If you have a spare room in your home, you may consider letting it out to raise some much-needed...
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