Exception from VAT registration
Businesses over £90,000 turnover must register for VAT, but HMRC may grant exceptions if the increase is temporary.…
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Are casual payments taxable?
Not all casual payments are tax-free; HMRC’s miscellaneous income rules may apply depending on the circumstances. The special miscellaneous…
Two important 2025 self-assessment deadlines
Paper tax returns are due 31 October 2025, and new registrants must notify HMRC by 5 October 2025.…
Tax-free income from letting a room in your home
Homeowners can earn up to £7,500 tax-free under the rent-a-room scheme, with simple reporting and flexible tax options.…
Sharing income from jointly held property
The standard tax treatment for couples living together, whether married or in a civil partnership, is that income…
Choosing the right way to buy a vehicle for your…
For many business owners, a vehicle is an essential tool. Whether it is for visiting clients, delivering goods,…
What is the recent £150bn tech investment deal?
During the State Visit by President Trump, the UK secured a record-breaking £150 billion of inward investment from…
Unauthorised issue of a VAT invoice
Issuing a VAT invoice without registration or authorisation can lead to HMRC penalties, even if it is done…
Beware scams pretending to be HMRC
Fraudsters are continuing to target taxpayers with scam emails as the deadline for submission of self-assessment returns for…
Dividend taxes will they increase?
Speculation is growing that rates or allowances applied to dividend income may change in the next Budget. The…
Tax relief for employer contributions to a pension scheme
Employers can generally claim tax relief on contributions made to a registered pension scheme by deducting those payments as…
Who needs to register for anti-money laundering supervision
If your business operates in a sector covered by the Money Laundering Regulations, you must be monitored by…
