Summer VAT relief has ended
The temporary 5% reduced rate of VAT introduced for certain children’s meals, tickets and family attractions ended on…
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Received a P800 from HMRC?
HMRC is currently carrying out its annual reconciliation of PAYE for the 2025-26 tax year. Between June and…
Is your VAT control system strong enough?
A strong VAT control system should clearly identify who is responsible for VAT, document the processes involved and…
Predevelopment costs on major developments
Businesses planning major infrastructure and development projects should be aware of a new government consultation on the tax…
When a discretionary bonus becomes enforceable
Where an employee is promised a discretionary bonus as an incentive, an employer may be held liable for…
Company accounts are going fully digital
An important change is coming to the way companies file their annual accounts. From 1 April 2028, all…
How Is Your Business Performing?
The latest figures from the Office for National Statistics suggest that conditions remain challenging for many UK businesses.…
What is a reasonable excuse for missing a tax deadline?
Missing a tax deadline can result in penalties from HMRC, but a taxpayer may be able to appeal…
Recovering VAT on pre-registration costs
Businesses that register for VAT may be able to reclaim VAT paid on certain goods and services purchased…
Evidence required to support business expense claims
Self-employed individuals can deduct allowable business expenses from their income when calculating taxable profits. However, businesses must keep…
Benefits of claiming the Annual Investment Allowance
Businesses investing in qualifying assets may be able to claim the Annual Investment Allowance (AIA) and deduct the…
Have you reviewed your workers’ employment status?
Businesses should regularly review whether individuals working for them are correctly classified as employees, workers or self-employed. Getting…
