Latest news and updates
1 October 2026 - Corporation Tax payment is due for companies with an accounting period ending 31 December 2025, unless the company is required to...
11/09/2026
The rate of Corporation Tax payable depends mainly on the level of a company’s taxable profits. The main rate is 25% and applies where profits exceed...
10/09/2026
Making a trading loss whilst not ideal can sometimes generate a tax refund. If you are a self-employed individual or a member of a trading...
A company does not have to be formally closed to become dormant for Corporation Tax. A company is usually considered dormant if it has stopped trading...
Employers must make sure their staff receive at least the National Minimum Wage or National Living Wage rate that applies to them. The correct rate...
Self-employed people can choose to use simplified expenses to calculate certain business costs using flat rates rather than working out their actual...
Self-employed people can deduct allowable business expenses when calculating their taxable profits. However, where a cost has both a business and...
The Government has named nearly 660 employers for failing to pay workers the National Minimum Wage, highlighting how costly National Minimum Wage...
07/09/2026
The Government has announced plans to consider major changes to the rules governing when companies can make distributions to shareholder. As part of...
The temporary 5% reduced rate of VAT introduced for certain children’s meals, tickets and family attractions ended on 1 September 2026. The relief...
03/09/2026
HMRC is currently carrying out its annual reconciliation of PAYE for the 2025-26 tax year. Between June and November, HMRC calculates the Income Tax...
UK employers with employees who normally work overseas may have PAYE and National Insurance obligations when those employees come to the UK to carry...
