VCT and EIS changes
The new rules will allow companies to raise more capital under the following schemes although investors will need to…
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Property and savings income subject to new tax rates
The government announced at Budget 2025 that dividend income, property and savings income, will be subject to new…
Expanding workplace benefits relief
From 6 April 2026, new tax rules will expand workplace benefits relief. The changes will simplify the treatment…
Agricultural and business property relief changes
Agricultural and business property relief changes that were first announced at Autumn Budget 2024 will come into effect…
Avoid over-stocking
Accountants often see the impact that excess stock has on a business long before the business owner realises…
The value of an overhead audit
Many businesses regard their overheads as fixed, predictable, and largely outside their control. In reality, an overhead audit…
Increase in savings guarantee for bank deposits
The Financial Services Compensation Scheme (FSCS) has raised its savings guarantee for bank deposits, increasing the deposit protection…
Who pays Income Tax in Scotland
The rules that govern who pays Income Tax in Scotland is determined by whether an individual is considered a…
Work out your VAT fuel scale charge
VAT road fuel scale charges are fixed, standardised amounts that businesses must use to account for output VAT…
Less than 1 month to self-assessment filing deadline
There is now less than 1 months to the self-assessment filing deadline for submissions of the 2024-25 tax returns. We…
Defer paying Class 1 National Insurance on a second job
Employees with a second job, third job or more may be able to defer or delay paying Class…
Update from HMRC on MTD testing
HMRC has published a new Making Tax Digital newsletter. This newsletter is mainly intended for taxpayers and agents…
