Tax Tips

Thursday 31 October 2024

Chancellor Rachel Reeves delivered Labour's first Budget in 14 years on Wednesday 30 October 2024. Read on to see how much it will cost you!

Wednesday 9 October 2024

HMRC changes its approach to processing claims for tax relief on employment expenses due to recent fraud. Make sure you have the right evidence.

Wednesday 2 October 2024

HMRC have introduced new rules around pre-notifying them of a Company's intention to make an R&D claim for a period. Don't risk missing out.

Wednesday 25 September 2024

HMRC uses Debt Collection Agencies to collect overdue taxes. But what are their powers and what are your rights?

Wednesday 11 September 2024

HMRC has introduced a new suite of inheritance tax (IHT) reporting forms and associated guidance, replacing the outdated IHT100 forms.

Wednesday 4 September 2024

Don't get caught out by new HMRC reporting requirements. Payroll, self-employment and self-assessment reporting are all changing.

Wednesday 14 August 2024

Spring Budget 2024 (under the Conservative UK Government) announced the abolition of the FHL scheme from April 2025 but without any real detail.

Wednesday 7 August 2024

The Most Tax-Efficient Ways of Drawing Profits from Limited Companies for Owner-Managed Businesses

Wednesday 19 June 2024

The tax gap has increased to a record £39.8bn, according to statistics released by HMRC, which pinned the blame on small businesses for 60% of this!

Wednesday 12 June 2024

Form P11D must be completed, authorised by the employee and submitted to HMRC by 6th July each year to report taxable benefits-in-kind.