Latest news and updates
Homeowners can earn up to £7,500 tax-free under the rent-a-room scheme, with simple reporting and flexible tax options. This set of special rules is...
25/09/2025
Paper tax returns are due 31 October 2025, and new registrants must notify HMRC by 5 October 2025. Act early to avoid penalties. Firstly, the...
Not all casual payments are tax-free; HMRC’s miscellaneous income rules may apply depending on the circumstances. The special miscellaneous income...
Businesses over £90,000 turnover must register for VAT, but HMRC may grant exceptions if the increase is temporary. A business must register for VAT...
When considering VAT on entertainment provided solely to directors or partners of a business it is generally not recoverable as VAT Input Tax. HMRC...
For many business owners, a vehicle is an essential tool. Whether it is for visiting clients, delivering goods, or simply keeping things moving,...
22/09/2025
During the State Visit by President Trump, the UK secured a record-breaking £150 billion of inward investment from US firms. The package is intended...
If your business operates in a sector covered by the Money Laundering Regulations, you must be monitored by a supervisory authority to ensure...
18/09/2025
Employers can generally claim tax relief on contributions made to a registered pension scheme by deducting those payments as an expense when...
Speculation is growing that rates or allowances applied to dividend income may change in the next Budget. The current tax rates for dividends...
Bereaved spouses who lost service pensions before 2015 have until 15 October 2025 to claim a one-off £87,500 recognition payment. This scheme was...
Fraudsters are continuing to target taxpayers with scam emails as the deadline for submission of self-assessment returns for the 2024-25 tax year gets...
