Cash-basis default position for self-employed
The cash basis is now the default for self-employed income reporting. Learn about the key...
Tax Diary February/March 2025
1 February 2025 - Due date for Corporation Tax payable for the year ended 30...
VAT Reverse Charge in Construction: What You Need to Know
Navigating VAT in the construction industry can feel like untangling scaffolding. Enter the VAT reverse...
The Substantial Shareholdings Exemption
For companies selling shares, the Substantial Shareholdings Exemption (SSE) can mean significant tax relief. Introduced...
When can you recover VAT on a car purchase
Reclaiming VAT on company cars isn’t as simple as it sounds. Generally, businesses can’t recover...
New online tax tools for the self-employed
Navigating tax obligations can be daunting for small business owners and sole traders. To make...
Spreading tax payments by using Time to Pay
Can’t pay your tax bill in full by 31 January 2025? HMRC’s online Time to...
Claiming Child Benefits online
Over one million parents have now claimed Child Benefit online or via the HMRC app...
Launch Your Dream Business: 10 Must-Know Steps
Starting your own business is exciting but can be overwhelming if you’re not prepared. To...
Tax if you live abroad and sell UK home
One of the most commonly used and valuable exemptions from Capital Gains Tax (CGT) is...
Protect your land and property from fraud
It is important to take the necessary steps to protect your land and property from...
Transfers of assets abroad
A new rule aimed at preventing individuals from using companies to avoid taxes through the...
VAT Flat Rate Scheme overview
The VAT Flat Rate Scheme allows businesses to pay VAT as a fixed percentage of...
Apply for or locate a National Insurance number
If you have lost or forgotten your National Insurance number, there are several ways to...
How to interpret your tax code
The letters in your tax code indicate whether you are entitled to the annual tax-free...