Tax

Are you a limited company and do you want to save money on your company’s Christmas do? Well then, you’re in luck, because each year HM Revenue & Customs offer a small tax break for a company’s Christmas party. Technically there isn’t an allowance for a Christmas party per se, however, HMRC does provide limited […]

The interest charged to those making late tax payments has increased from 3% to 3.25%. Interestingly, the amount of interest that HMRC pays on top of refunds owed to taxpayers remains the same at 0.5%. The interest rate for repayments has been at 0.5% since 2009. The accountancy body ACCA says it is “simply unfair” that […]

In our opinion, Making Tax Digital (or for brevity’s sake, MTD) is something to be embraced rather than feared. As with any legislative change, the new MTD reporting rules have forced businesses to reflect on whether they are compliant and what they need to do to ensure they stay on the right side of the […]

Making Tax Digital (MTD) is a term you have most likely come across before, and it’s a term you will be hearing a lot more of as the deadline approaches and the Government ramps-up promotion. In a nutshell, Making Tax Digital (MTD) is, as its name implies, a digitised tax system that will completely change […]

With summer just around the corner, those who let out holiday properties are likely approaching their peak period for bookings. Holiday lets are an increasingly popular way to boost income and the industry is becoming increasingly competitive as a result, so it is of paramount importance that owners of holiday homes stay on top of […]

Finding the right resource or the right form from Companies House or HMRC can be tricky. For this reason, we’ve decided to put all the most important and useful resources all in one place, so you can easily find what you’re looking for. Disclaimer In preparing and maintaining this blog post every effort has been […]

In this blog, we explain what Research and Development Tax Relief is, whether or not your business is eligible and how we can help you make a successful claim. Making a claim for Research and Development Tax Relief can be an important way for businesses – in any sector – who are involved in research […]

As we approach the end of the tax year, it might be worth considering making contributions toward your pension. There are several good reasons for this which we will cover in this blog, whether some or all these reasons apply to you will depend largely on your current circumstances. 1. Maximise your annual tax relief […]

Are you one of the two types of people no longer required to submit a self-assessment tax return? Simple Assessment first took effect in September 2017, which means some taxpayers no longer need to disclose information about their income via a self-assessment tax return. The term ‘Simple Assessment’ may ring a bell, it’s a term […]

The rules on property tax relief are changing. These changes could have significant implications for those wishing to rent out or purchase additional properties. These changes have likely come about due to new figures revealing that multiple property ownership has dramatically risen in recent years. The new tax changes could affect a substantial amount of […]