LATEST NEWS

Can you reduce your 31 July tax payment on account
Expecting lower profits 2024-25 compared to 2023-24? You can ask HMRC to reduce your 31 July 25 tax payment on
VAT – advantages of the VAT Flat Rate Scheme
Small business? The VAT Flat Rate Scheme could cut paperwork and improve cash flow. Pay VAT as a set percentage
IHT exemption – normal expenditure out of income
Make regular gifts from your income and avoid inheritance tax. If structured properly, surplus income gifts can support loved ones
How working capital is funded
Working capital refers to the day-to-day funds a business uses to manage its operations. It is the difference between current
Government sells last Nat West shares
The UK government has officially concluded its involvement with NatWest Group, formerly known as the Royal Bank of Scotland (RBS),
Employing your family
Employing family members can work well, but it does not mean you can skip the rules. HMRC expects full compliance
What is a FIG?
From 6 April 2025, non-doms face a major shift as the remittance basis is replaced by the Foreign Income and
Rolling Over Capital Gains
Business Asset Rollover Relief, allows taxpayers to defer Capital Gains Tax (CGT) on gains arising from the sale or disposal
Employers, don’t forget to pay Class 1A NIC
Employers must pay Class 1A NICs for 2024-25 benefits by 19 July (post) or 22 July (electronic). These apply to
Repay private fuel provided for company cars
Employees using company fuel for private journeys can sidestep a hefty benefit charge by repaying the full private fuel cost
Company changes you must report
Certain company changes—like a new registered address, email, or director—must be reported to Companies House promptly. Failure to update records
A return to gender rationality in the office? What does the Supreme Court ruling mean for trans people in the...
In a landmark ruling, the Supreme Court clarified the legal interpretation of the words ‘sex’, ‘woman’ and ‘man’ in Sections